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.

To discuss issues facing the chemical industry go to ICIS connect


By: Tony Dillon
+44 20 8652 3214



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly