Comex Market Update : Epic Research Malaysia

Crude-oil futures on Wednesday bounced back from two-month lows, adding to gains after a government supply report showed a larger-than-expected drop in inventories.

crude futures for August delivery CLQ4 +0.27% rose $1.24, or 1.2%, to end at $101.20 a barrel on the New York Mercantile Exchange after ending Tuesday at their lowest price since early May. Wednesday’s advance was the largest one-day dollar and percentage gain since June 12.

August Brent crude UK:LCOQ4 -0.10% , which trades on London’s ICE Futures exchange, lost 17 cents to settle at $105.85 a barrel.

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