11 February 2010 13:36 [Source: ICIS news]
LONDON (ICIS news) – Crude prices gained more than $1/bbl on Thursday to take Brent crude on ICE futures to above to $73/bbl on the back of the International Energy Agency (IEA) noting in its monthly oil report on Thursday that global oil demand will be 1.6m bbl/day higher in 2010.
By 12:40 GMT, March Brent crude had hit a high of $73.58/bbl, a gain of $1.04/bbl from the Wednesday close of $72.54/bbl, before easing back to around $73.45/bbl.
At the same time, March NYMEX light sweet crude futures was trading around $75.30/bbl, having hit a high of $75.42/bbl, a gain of $0.90/bbl from the previous close.
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|