Comex Market Update : Epic Research Malaysia

Oil futures rose modestly Friday, extending gains to a second straight session, but the uptick only chipped away at steep weekly losses.

Light, sweet crude futures for November delivery CLX4, +0.27% gained 5 cents, or 0.1%, to settle at $82.75 a barrel on the New York Mercantile Exchange. On the week, oil lost 3.6% for a third consecutive weekly loss.

December Brent crude on London’s ICE Futures exchange LCOZ4, +0.33% rose 57 cents, or 0.7%, to finish at $86.16 a barrel. Losses on the week reached 4.9%, a fourth consecutive five-day decline.

Oil prices started to stabilize after New York-traded oil briefly traded under $80 a barrel on Thursday.
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