Thursday, October 1, 2015

Oil Market Update : Epic Research Singapore

Oil futures tallied a loss of 24% for the third quarter, after ending Wednesday lower on the back of a report revealing the first U.S. crude-supply increase in three weeks.

The report also showed a modest decline in domestic production, helping prices limit losses for the session.

November West Texas Intermediate crude CLX5, +1.26%  settled at $45.09 a barrel, down 14 cents, or 0.3%, on the New York Mercantile Exchange, trading between a high of $45.85 and a low of $44.68, according to FactSet data.

November Brent crude LCOX5, +0.74%  on London’s ICE Futures exchange tacked on 14 cents, or 0.3%, to $48.37 a barrel. Year to date, prices have fallen more than 15%.

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