Comex Market Update : Epic Research Singapore

Oil futures on Monday continued to give back the fear premium on growing confidence Iraq’s oil exports will remain insulated from the turmoil, but prices still logged sizable gains for the month and quarter.

Brent crude took the biggest hit for the session, with the August contract on the ICE Futures exchange UK:LCOQ4 +0.10%   falling 94 cents, or 0.8%, to $112.36 a barrel.

On the New York Mercantile Exchange, August West Texas Intermediate crude CLQ4 +0.27%   fell 37 cents, or 0.4%, to settle at $105.37 a barrel. Also tracking the most-active contracts, WTI crude was up roughly 2.6% for the month, for a 3.7% gain for the quarter.


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