Monday, 29 September 2014

Comex Market Update : Epic Research Malaysia

Crude-oil futures were lower in Asian trading hours Monday with the premium of Brent crude over Nymex WTI still under $4 a barrel after narrowing sharply last week.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in November CLX4, -0.57% traded at $92.97 a barrel in the Globex electronic session. November Brent crude LCOX4, -0.54% on London’s ICE Futures exchange fell $0.29 to $96.71 a barrel.

Oil prices ended on a mixed note last week resulting in the Brent-WTI spread narrowing to $3.46 a barrel on Friday. Nymex WTI crude gained 2.06% last week and has been up for two consecutive weeks, while Brent crude lost 1.41% last week and has been down five of the past seven weeks.

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