Comex Market Update : Epic Research Malaysia

Oil futures staged a comeback on Thursday, with refiners and other commercial buyers stepping in as prices hit multi-year lows during the session.

Crude for delivery in October CLV4, -0.02% rose $1.16, or 1.1%, to settle at $92.83 a barrel on the New York Mercantile Exchange. It had traded as low as $90.43 a barrel, its lowest point since April 2013, before erasing losses.

October Brent crude LCOV4, -0.29% on London’s ICE Futures Exchange gained 4 cents, or less than 0.1%, to finish at $98.08 a barrel. It had traded as low as $96.72, its lowest since July 2012.

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