Crude oil drops $1/bbl as dollar gains against the euro
15 March 2010 14:44 [Source: ICIS news]
LONDON (ICIS news)--NYMEX light sweet crude futures fell more than $1/bbl on Monday to take the front month April contract below $80.00/bbl on the back of the euro losing ground against the US dollar as concerns over the Greek crisis continue.
By 14:35 GMT, April NYMEX crude had hit a low of $79.54/bbl, a loss of $1.70/bbl from the Friday close of $81.24/bbl, before recovering to around $79.90/bbl.
At the same time, April Brent crude on ICE Futures was trading around $78.05/bbl, having hit a low of $77.71/bbl, a loss of $1.68/bbl from the previous close.
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