Thursday, 24 July 2014

Comex Market Update : Epic Research Malaysia

Crude-oil futures rose Wednesday after a U.S. government report showed a larger-than-expected decline in U.S. inventories.

Crude oil for September delivery CLU4 -0.03% , the new front-month contract, rose 73 cents, or 0.7%, to settle at $103.12 a barrel on the New York Mercantile Exchange. Oil futures have been up for four of the latest six sessions.

September Brent crude UK:LCOU4 +0.15% on London’s ICE Futures exchange advanced 70 cents, or 0.7%, to settle at $108.03 a barrel. That was Brent’s highest settlement in nearly two weeks.

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