Saturday, May 10, 2014

Epic Research Singapore : Comex Market Update

Oil futures saw a modest loss on Friday to settle back below $100 a barrel, pressured in part by a stronger U.S. dollar, but prices still scored a weekly gain on the back of ongoing uncertainty in Ukraine.

Crude oil for June delivery CLM4 -0.23%  fell 27 cents, or 0.3%, to settle at $99.99 a barrel on the New York Mercantile Exchange. Prices, tracking the most-active contracts, ended the week around 0.2% higher.

June Brent crude UK:LCOM4 -0.06% , the European benchmark, fell 15 cents, or 0.1%, to $107.89 a barrel on the ICE Futures exchange, for a weekly loss of about 0.6%. 

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