Crude falls further to post $2/bbl losses

19 March 2010 15:29  [Source: ICIS news]

LONDON (ICIS news)--NYMEX light sweet crude futures fell by more than $2.00/bbl on Friday to take the front month April contract to just above $80.00/bbl as the US dollar continued to gain ground against a weakening euro in the currency markets.

By 15:10 GMT, April NYMEX crude had hit a low of $80.01/bbl, a loss of $2.19/bbl from the Thursday close of $82.20/bbl, before recovering to around $80.20/bbl.

At the same time, May Brent crude on ICE Futures was trading around $79.55/bbl, having hit a low of $79.38/bbl, a loss of $2.10/bbl from the previous close.

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By: Tony Dillon
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