Comex Market Update : Epic Research Malaysia

Crude-oil futures were in positive territory in Asian trade Monday after being decimated last week, but traders and investors remain unsure of whether prices can hold.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November CLX4, +0.37% traded at $83.18 a barrel, up $0.43 in the Globex electronic session. December Brent crude LCOZ4, +0.03% on London’s ICE Futures exchange rose $0.08 to $86.24 a barrel.

The U.S. oil benchmark lost 3.58% last week and has been down for three consecutive weeks, while Brent crude in London has fallen for four weeks in a row and lost 4.88% last week.

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