Comex Market Update : Epic Research Singapore

The price gap between the Brent and WTI oil futures widened further Wednesday as traders weighed bearish U.S. supply data and a hint of quicker Federal Reserve rate hikes against continued strife in Iraq.

Nymex WTI crude oil for July delivery CLN4 +0.46%  , the U.S. benchmark, fell 39 cents, or 0.4%, to settle at $105.97 a barrel, adding to a 54-cent loss on Tuesday. 

Brent oil for August delivery UK:LCOQ4 +0.25%  , which is the most sensitive to developments in Iraq. Natural-gas futures for July NGN14 -0.34%  fell 5 cents to $4.66 per million British thermal units. July gasoline RBN4 +0.24%  rose by around a penny to $3.10 a gallon and heating oil HON4 +0.09%   gained 2 cents at $3.04 a gallon.

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