25 September 2009 15:48 [Source: ICIS news]
LONDON (ICIS news)--NYMEX light sweet crude futures gained more than $1/bbl on Friday to take the front-month November contract close above $67/bbl due to a slide in the US dollar.
The American currency was losing ground on expectations that the ?xml:namespace>
By 14:15 GMT, November NYMEX crude had hit a high of $67.09/bbl, which was a gain of $1.20/bbl from previous close of $67.09/bbl, before easing back to around $66.60/bbl.
At the same time, November Brent crude on ICE futures was trading around $65.40/bbl, having hit a high of $65.85/bbl, which was a gain of $1.03/bbl from the previous close.
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