Tuesday, November 3, 2015

Oil Market Update : Epic Research Singapore

Crude-oil futures ended lower on Monday, after lackluster data on Chinese factory activity stirred demand fears, while a jump in Russian oil production underlined concerns about a global supply glut.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December CLZ5, +0.35% fell 45 cents, or 1%, to finish at $46.14 a barrel. December Brent crude LCOZ5, +0.18% on London’s ICE Futures exchange fell 77 cents, or 1.6%, to end at $48.79 a barrel.

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