19 June 2008 15:12 [Source: ICIS news]
LONDON (ICIS news)--NYMEX light sweet crude futures fell by more than $2/bbl on Thursday to take the front month July contract close to $133/bbl on the back of the dollar gaining after positive unemployment data in the US and news that China will raise fuel prices.
By 13:45 GMT, NYMEX crude had hit a low of $133.45/bbl, a loss of $2.99/bbl from Wednesday’s close of $136.44/bbl, before recovering to around $134.10/bbl.
At the same time, August Brent crude on ?xml:namespace>
The US dollar extended its gains against the euro after weekly data showed a decline in jobless claims, which pushed the market down further after reports emerged
Earlier in the day, prices moved up to trade in positive territory on the back of militant attacks in
($1 = CNY6.88)
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