Oil Market Update : Epic Research Singapore

U.S. oil futures settled with a loss on Friday, while Brent futures marked a high for the year and scored a gain for the week as strife in Yemen fed concerns over the potential for supply disruptions in the Middle East.

June crude CLM5, -0.55%  settled at $57.15 a barrel, down 59 cents, or 1%, on the New York Mercantile Exchange. Compared with the end of last Friday’s session, prices were up about 2.5% from the settlement of the May contract, which was the front month at the time, but down 0.3% from the June contract’s close that day.

June Brent crude LCOM5, +0.80% on London’s ICE Futures exchange rose 43 cents, or 0.7%, to $65.28 a barrel, trading at its highest levels since December. For the week, it saw a gain of roughly 2.9%.

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