NYMEX crude falls $2 on stronger dollar, Greek economy worries

15 March 2010 15:35  [Source: ICIS news]

LONDON (ICIS news)--NYMEX light sweet crude futures fell more than $2/bbl on Monday to take the front month April contract close to $79/bbl as the euro lost ground against the US dollar and concerns over the Greek economic crisis continued.

By 15:20 GMT, April NYMEX crude had hit a low of $79.16/bbl, a loss of $2.08/bbl from the Friday close of $81.24/bbl, before recovering to around $79.35/bbl.

At the same time, April Brent crude on ICE Futures was trading around $77.50/bbl, having hit a low of $77.33/bbl, a loss of $2.06/bbl from the previous close.

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By: Tony Dillon
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