US crude falls $2.24 on dollar, spec buying

24 April 2008 21:21  [Source: ICIS news]

HOUSTON (ICIS news)--NYMEX light sweet crude rutures for June delivery settled at $116.06/bbl, down $2.24 under pressure from a bounce in the US dollar and speculative selling.

June NYMEX crude hit the session’s low of $114.25/bbl from an intra-day high of $118.30/bbl before regaining a good portion of the losses.

ICE Brent for June delivery closed at $114.34, down $2.12, having hit an intra-day low of $112.57/bbl.

By: Ignacio Sotolongo
+1 713 525 2653

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