NYMEX crude falls more than $1/bbl as dollar gains ground

19 March 2010 15:03  [Source: ICIS news]

LONDON (ICIS news)--NYMEX light sweet crude futures fell more than $1.00/bbl on Friday to take the front month April contract below $81.00/bbl as the US dollar gained ground against a weakening euro in the currency markets.

By 14:45 GMT, April NYMEX crude had hit a low of $80.43/bbl, a loss of $1.77/bbl from the Thursday close of $82.20/bbl, before recovering to around $80.80/bbl.

At the same time, May Brent crude on ICE Futures was trading around $80.15/bbl, having hit a low of $79.76/bbl, a loss of $1.72/bbl from the previous close.

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By: Tony Dillon
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