Friday, May 6, 2016

Oil Market Update : Epic Research Singapore

Oil futures ended higher Thursday, but pulled back from sharper gains, as a wildfire in Canada’s oil-sands district and fighting in Libya threatened production in those countries.

West Texas Intermediate crude-oil futures CLM6, -0.54% CLM6, -0.54% rose 54 cents, or 1.2%, to end at $44.32 a barrel after trading as high as $46.07. Brent crude for July delivery LCON6, -0.47% the global oil benchmark, rose 39 cents, or 0.9%, to settle at $45.01 a barrel, ending a four-day losing streak.

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