Comex Market Update : Epic Research Singapore

Oil futures settled lower for a second straight session, but kept their grip on the $106-a-barrel on Tuesday, finding some support as upbeat U.S. economic data raised the prospects for energy demand.

West Texas Intermediate crude oil for August delivery CLQ4 +0.62%   fell 14 cents, or 0.1%, to settle at $106.03 a barrel on the New York Mercantile Exchange, while August Brent UK:LCOQ4 -0.20%  , the European benchmark, climbed 34 cents, or 0.3%, to end at $114.46 a barrel on the ICE Futures exchange.

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