13 March 2008 14:58 [Source: ICIS news]
LONDON (ICIS news)--NYMEX light sweet crude futures gained $1/bbl and hit another record on Thursday to take the front month April contract to $111.00/bbl on the back of speculative trading fuelled by a weak US dollar.?xml:namespace>
By 14:45 GMT, April NYMEX crude had hit a high of $111.00/bbl, a gain of $1.08/bbl from Wednesday’s close of $109.92/bbl, before easing back to around $110.75/bbl.
At the same time, April Brent crude on ?xml:namespace>
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