Comex Market Update : Epic Research Malaysia

Crude-oil futures on Wednesday extended their selloff, and gasoline futures ended at their lowest since December 2010 after a report pointed to a surprise increase in inventories for both commodities.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November CLX4, +0.38% lost $1.54, or 1.7%, to settle at $87.31 a barrel. That was the largest one-day dollar and percentage decrease in a week and the lowest settlement for a most-active contract since April 2013.

November Brent crude LCOX4, +0.26% on London’s ICE Futures exchange fell 73 cents, or 0.8%, to end at $91.38 a barrel. That was Brent’s lowest settlement since June 2012.

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