Friday, May 16, 2014

Epic Research Singapore : Comex Market Update

Oil futures on Thursday marked their first decline in four trading sessions, with prices failing to find support from mostly upbeat U.S. economic data as U.S. equities declined and the International Energy Agency only “marginally” raised its global oil demand forecast for the year.

Natural-gas prices, meanwhile, closed higher in the wake of weekly U.S. supply data that included revisions to certain totals.

Crude oil for June delivery CLM4 +0.37%   fell by 87 cents, or 0.9%, to settle at $101.50 a barrel on the New York Mercantile Exchange.

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