Saturday, September 27, 2014

Comex Market Update : Epic Research Singapore

Crude-oil futures advanced Friday, with market participants suggesting that weak oil prices appear to have largely stabilized.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November CLX4, +0.89%  rose 33 cents, or 0.4%, to $92.86 a barrel, and the U.S. benchmark was on pace for a weekly gain of 1.3%.

November Brent crude on London’s ICE Futures exchange LCOX4, -0.10%  advanced by 14 cents, or 0.1%, to $97.14 a barrel, but the European benchmark was on track for a weekly drop of 1.3%.

Nymex reformulated gasoline blendstock for October RBV4, -2.08%  — the benchmark gasoline contract — fell 4 cents, or 1.4%, to $2.68 a gallon. 

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