Comex Market Update : Epic Research Malaysia

Oil futures fell on Friday, notching a second consecutive weekly loss thanks to a strengthening dollar and key reports that forecast weaker global demand for crude and plentiful supplies.

Light, sweet crude futures for October delivery CLV4, -0.73% fell 56 cents, or 0.6%, to settle at $92.27 a barrel on the New York Mercantile Exchange. It declined 1% on the week, down for 10 of the past 12 weeks.

Brent crude, the global benchmark, held well below $100 a barrel, with ICE October futures LCOX4, -1.07% down 97 cents, or 1%, to $97.11 a barrel. It amassed weekly losses of 3.7%, its largest weekly decline since the week ending July 11. Brent has been down for three straight weeks.

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