Comex Market Update : Epic Research Singapore

Oil futures lost more ground Friday, going further below $100 and amassing losses of 4% on the week, their largest weekly drop in seven months.

Crude futures CLU4 -0.56%    for delivery in September fell 29 cents, or 0.3%, to settle at $97.88 a barrel on the New York Mercantile Exchange. Crude is down for four out of past six weeks.

September Brent crude UK:LCOU4 -1.25%   on London’s ICE Futures exchange fell $1.18, or 1.1%, to end at $104.84 a barrel. On the week, Brent declined 3.3%. Brent is down for five out of the past six weeks.

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