Flash: Oil eases lower - UOB Group

FXstreet.com (Barcelona) - Market Strategists at UOB Group note that oil prices eased as well-supplied markets and limited demand from European refiners pushed prices lower.

Key Quotes

“The prompt-month NYMEX crude futures contract ended at $97.34/bbl.”

“Gold, on the other hand, inched higher as the dollar eased, and after a recent sharp unwinding of bullish bets by funds prompted some market participants to think the metal was near a bottom.”

“The Comex gold December contract settled at $1235.30/oz.”