Comex Market Update : Epic Research Singapore

Crude-oil futures rose Monday on news U.S. consumer spending rebounded, suggesting the U.S. economy kept growing, albeit modestly. The news stoked hopes that demand for oil may head higher along with prices.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November CLX4, +0.11%  rose $1.03, or 1.1%, to settle at $94.57 a barrel. Oil has gained 2.2% in the last two sessions.

November Brent crude LCOX4, +0.15%   on London’s ICE Futures exchange rose 20 cents to end at $97.20 a barrel.

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