NYMEX falls $1/bbl ahead of options expiry as Brent remains firm
17 June 2010 16:07 [Source: ICIS news]
LONDON (ICIS news)--NYMEX light sweet crude futures fell more than $1/bbl on Thursday to take the front-month July contract below $77/bbl as a result of heavy selling on the day crude options expire.
Disappointing data on
By 14:40 GMT, July NYMEX crude had hit a low of $76.51/bbl, a loss of $1.16/bbl from the previous close of $77.67/bbl, before recovering to around $76.75/bbl.
At the same time, August Brent crude on the ICE futures exchange was much firmer, trading around $78.60/bbl after having earlier hit a high of $79.10/bbl, which was a gain of $0.96/bbl from the previous close.
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