NewsFlashCrude rises $1/bbl to new records

15 April 2008 12:07  [Source: ICIS news]

LONDON (ICIS news)--Crude prices rose by more than a dollar on Tuesday to take Brent crude on ICE Futures close to $111.00/bbl on the back of a weak US dollar and ongoing supply concerns.

By 11:35 local time, the May Brent crude contract, which expires at the end of the day, had hit a record high of $110.90/bbl, a gain of $1.06/bbl over the Monday close of $109.84/bbl.

At the same time, May NYMEX crude was trading around $112.70/bbl, having hit a front-month record high of $112.78/bbl, a gain of $1.02/bbl over the previous close.

By: Tony Dillon
+44 20 8652 3214

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