Comex Market Update : Epic Research Malaysia

A strong dollar and continued concerns about demand on Tuesday pulled crude-oil futures to their lowest settlement since January. Brent futures ended at their lowest in nearly 18 months, and other energy commodities also notched multi-month lows.

Crude for October delivery CLV4, +0.40% fell $3.08, or 3.2%, to $92.88 a barrel on the New York Mercantile Exchange. That was the lowest settlement since Jan. 14, and one that snaps a four-day winning streak for the commodity.

Oil had ended last week up 2.5%, but lost 2.3% in August.

On London’s ICE Futures exchange, October Brent crude LCOV4, +0.37% lost $2.45, or 2.4%, to $100.34 a barrel. That was Brent’s lowest settlement since May 1, 2013.

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