Oil Market Update : Epic Research Singapore

Crude-oil futures finished lower, with ongoing concerns over a global glut of supplies keeping prices for the U.S. benchmark under $60 a barrel.

On the oil front, July crude CLN5, +0.94%  fell 44 cents, or 0.7%, to end at $59.52 a barrel, following a gain of 1.4% last week.

July Brent crude LCON5, -1.97% which expired at the end of the session, fell $1.26, or 2%, to $62.61 a barrel on London’s ICE Futures exchange, while the more actively traded August crude finished at $63.95 a barrel, down 69 cents, or 1.1%.

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