Comex Market Update : Epic Research Singapore

Oil futures edged higher Monday, taking advantage of a pause in the dollar rally to rebound from heavy losses that last week sent the global benchmark to its lowest finish in more than two years.

ICE November Brent futures LCOX4, -0.16%  rose 48 cents, or 0.5%, to $92.79 a barrel, rebounding from Friday’s drop to the lowest close for a nearby futures contract since June 2012. Nymex WTI crude futures for November delivery CLX4, -0.12% the U.S. benchmark, rose 60 cents, or 0.7%, to $90.34 a barrel, rebounding from a six-month low set in the biggest down week since early August.

The ICE dollar index DXY, +0.21% a measure of the U.S. currency against a basket of six major rivals, rose 1.2% last week. The index retreated Monday.

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