Comex Market Update : Epic Research Malaysia

Crude-oil futures resumed their slump Tuesday, with the global benchmark ending at its lowest level in two years after the International Monetary Fund cut its outlook for global growth.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November CLX4, -1.20% fell $1.49, or 1.7%, to close at $88.85, the lowest finish for a nearby contract since April 2013. November Brent crude LCOX4, -1.27%  on London’s ICE Futures exchange, the more widely used worldwide benchmark, dropped 68 cents, or 0.7%, to end at $92.11 a barrel, the lowest nearby finish since June 2012.

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