30 September 2008 22:18 [Source: ICIS news]
HOUSTON (ICIS news)--NYMEX light sweet crude futures for November delivery settled on Tuesday at $100.64/bbl, up $4.27 as market speculators bought on sentiment that the previous day’s sell-off had been overdone.
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Overnight, November crude extended the losses to $93.36/bbl but the aggressive buying drove the front month all the way up to $101.40/bbl before retreating slightly.
ICE Brent for November delivery topped out at $98.93/bbl and settled at $98.17/bbl, up $4.19.
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