Oil Market Update : Epic Research Singapore

Oil futures nosed lower in early Monday electronic trade, helped downward by a modest gain for the U.S. dollar, with the crude contracts giving back a piece of their mostly bullish moves the previous week.

Benchmark West Texas Intermediate crude for June delivery CLM5, -0.28%  was down 16 cents, or 0.3%, to $56.99 a barrel on the Globex, while rival June Brent North Sea crude LCOM5, -0.15%   weakened by 17 cents, also a 0.3% loss, to $65.11 a barrel.

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