Brent up over a dollar, back above $76.00/bbl

12 July 2007 11:31  [Source: ICIS news]

LONDON (ICIS news)--Crude rose by over a dollar on Thursday to take Brent on ICE Futures back above $76.00/bbl, recouping the previous day's losses when downward pressure on US gasoline due to stock build caused a late sell-off.

 

By 10:10 GMT, August Brent crude had hit a high of $76.56/bbl, a gain of $1.12 over the Wednesday close of $75.44, before easing back to around $76.25.

 

At the same time, August NYMEX crude was trading around $73.25/bbl, having hit a high of $73.42, a gain of $0.86 over the previous close.

 

By: Tony Dillon
+44 20 8652 3214

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