Thursday, 11 September 2014

Comex Market Update : Epic Research Malaysia

Crude-oil futures ended Wednesday at an eight-month low after OPEC reduced its expectations for demand of its own oil.

A stronger dollar also helped keep prices under pressure, while the weekly U.S. supply report showed crude inventories falling as much as expected.

Crude for delivery in October CLV4, +0.14% retreated $1.08, or 1.2%, to settle at $91.67 a barrel on the New York Mercantile Exchange. That was the lowest settlement since Jan. 9.

October Brent crude LCOV4, +0.05% was off $1.12, or 1.1%, to $98.04 a barrel, settling at its lowest level since April 2013.

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