Comex Market Update : Epic Research Malaysia

 Oil futures ended the first trading day of 2015 on the same note they finished 2014, sliding to another round of lows on a surging U.S. dollar and a global glut of crude.

On the New York Mercantile Exchange, crude futures for delivery in February CLG5, -0.86%  fell 58 cents, or 1.1%, to close at $52.69 a barrel, the lowest finish since April 2009. February Brent crude LCOG5, -1.43%  on London’s ICE Futures exchange remained 13 cents lower at $56.29 a barrel, a loss of 0.2%.

Nymex WTI crude lost 45.87% through 2014, and Brent crude lost 48.26%, the largest one-year net and percentage decline since 2008 for both benchmarks.

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