Saturday, May 24, 2014

Epic Research Singapore : Comex Market Update

Gasoline futures on Friday scored their highest close in a month and oil prices finished the week with a more than 2% gain on prospects for stronger energy demand as the holiday weekend marks the start of the U.S. summer-driving season.

June natural gas NGM14 +0.80%  closed at $4.405 per million British thermal units, up nearly 5 cents, or 1.1% — around 0.2% lower for the week.

Gasoline for June delivery RBM4 +0.58%  tacked nearly 2 cents, or 0.6%, to $3.024 a gallon for a gain of around 1.7% on the week, which was the second weekly gain in a row. Prices closed at their highest level since April 25. 

July crude CLN4 +0.63%  rose 61 cents, or 0.6%, to settle at $104.35 a barrel on Nymex for a 2.3% weekly gain, based on the most-active contracts. Prices closed at their highest since April 21. 


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