Tuesday, April 14, 2015

Oil Market Update : Epic Research Singapore

Oil futures climbed on Monday, scoring a three-session gain of nearly 3%, as downbeat economic data from China spurred expectations that the country will implement stimulus measures that could help boost demand for crude.

Crude for delivery in May CLK5, +0.96%  rose 27 cents, or 0.5%, to settle at $51.91 a barrel on the New York Mercantile Exchange. Prices had tallied a roughly 2.4% gain over the past two trading sessions.

May Brent crude LCOK5, +0.79%  on London’s ICE Futures exchange rose 6 cents, or 0.1%, to end at $57.93 a barrel.

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