Epic Research Singapore : Comex Market Update

Oil prices fell on Monday, backing away from the $101-a-barrel level reached at the end of last week, with Brent crude taking an even bigger hit on weekend reports that Libya may be close to re-opening two oil ports.  

Crude for May delivery CLM4 -0.54%  fell 62 cents, or 0.6%, to settle at $100.52 a barrel in electronic trading. On Friday, crude rose nearly 1% to settle at $101.14 a barrel on the New York Mercantile Exchange, the highest close since March 31. Prices still lost 0.5% for the week, partly due to concerns over an economic slowdown in China.

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