Brent crude falls $1/bbl on dollar strength

19 June 2008 12:15  [Source: ICIS news]

LONDON (ICIS news)--Crude prices fell by more than $1/bbl on Thursday to take Brent crude on London’s ICE Futures close to $135/bbl over a stronger US dollar and after having gained earlier in the morning as another set of militants forced the shutdown of some production in Nigeria.

 

By 11:05 GMT, August Brent crude had hit a low of $135.15/bbl, a loss of $1.29/bbl from the Wednesday close of $136.44/bbl, before recovering to around $135.20/bbl.

 

At the same time, July NYMEX light sweet crude futures were trading around $135.50/bbl, having hit a low of $135.44/bbl, a loss of $1.24/bbl from the previous close.

By: Giovanni Coiro
+44 20 8652 3214

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