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 ?xml:namespace>
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.
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|