Oil Market Update : Epic Research Singapore

Oil futures rallied Thursday, with West Texas Intermediate and Brent crude settling at their highest levels of the year as traders fretted over potential supply disruptions in the Middle East and as weak data from China raised prospects for economic stimulus.

June Brent crude LCOM5, -0.45%  on London’s ICE Futures exchange advanced $2.12, or 3.4%, to settle at $64.85 a barrel. That was the highest settlement of the year for a front-month Brent contract.

On the New York Mercantile Exchange, June crude CLM5, -0.50%  rose $1.58, or 2.8%, to end at $57.74 a barrel, which was the highest settlement for front-month contract since December.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg