19 June 2008 21:01 [Source: ICIS news]
HOUSTON (ICIS news)--NYMEX light sweet crude futures for July delivery settled down by $4.75 cents to $131.93/bbl on Thursday following the report that ?xml:namespace>
Prices rose sharply overnight in response to a militant attack against a Nigerian oil installation but started to come off after the US dollar received a boost from a report showing a decline in jobless claims.
After establishing the session’s high at $137.82/bbl, the sell-off produced an intra-day low of $131.60/bbl before rebounding ahead of the closing bell.
The market will be keeping an eye on a meeting between consumers and producers in
According to news reports,
ICE Brent for July delivery bottomed out at $131.86/bbl and settled at 132.00/bbl, down $4.44.
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