12 March 2010 17:42 [Source: ICIS news]
LONDON (ICIS news)--NYMEX light sweet crude futures fell more than $1/bbl on Friday to take the front month April contract below $81/bbl on the back of worries over future demand reflected by some negative economic data from the US and profit taking ahead of the weekend.
By 17:10 GMT, April NYMEX crude had hit a low of $80.73/bbl, a loss of $1.38/bbl from the Thursday close of $82.11/bbl, before recovering to around $81.05/bbl.
At the same time, April Brent crude on ICE Futures was trading around $79.20/bbl, having hit a low of $78.87/bbl, a loss of $1.41/bbl from the previous close.
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