Crude oil futures rose on Monday as France launched large-scale air strikes against Islamic State operations in Syria, but analysts said oil and other commodities were expected to remain under pressure as oversupply weighs on prices.
Crude benchmarks, which lost 8% last week, saw high levels of activity as commodity traders looked for direction after the deadly attacks in Paris on Friday.
Front-month US crude futures broke back above $41 a barrel, trading at $41.06 a barrel at 0352 GMT, up 32 cents from their last close.
Internationally traded Brent was at $44.98 a barrel, up over a percentage point and half a dollar, testing resistance at $45 per barrel.
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Crude benchmarks, which lost 8% last week, saw high levels of activity as commodity traders looked for direction after the deadly attacks in Paris on Friday.
Front-month US crude futures broke back above $41 a barrel, trading at $41.06 a barrel at 0352 GMT, up 32 cents from their last close.
Internationally traded Brent was at $44.98 a barrel, up over a percentage point and half a dollar, testing resistance at $45 per barrel.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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