Brent up $1 to hit 11-month high of $75.90/bbl

06 July 2007 13:11  [Source: ICIS news]

LONDON (ICIS news)--Crude prices rose by more than a dollar on Friday to take Brent crude on ICE Futures close to $76.00/bbl on good demand, supply concerns and an increase in investment in the commodities sector.

 

By 11:30 GMT, August Brent crude had hit a high of $75.90/bbl, a gain of $1.15 over the Thursday close of $74.75, before easing back to around $75.60.

 

At the same time, August NYMEX crude was trading around $72.50/bbl, having hit a high of $72.61, a gain of $0.80 over the previous close.

By: Giovanni Coiro
+44 20 8652 3214

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