03 August 2010 14:57 [Source: ICIS news]
LONDON (ICIS)--NYMEX light sweet crude futures gained more than $1/bbl on Tuesday to take the front-month September contract above $82/bbl as a result of the continued weakness of the US dollar in the currency markets.
By 14:30 GMT, September NYMEX crude gained $1.13/bbl from the previous close of $81.34/bbl to hit a high of $82.47/bbl, before easing back to around $82/bbl.
At the same time, September Brent crude on the ICE futures exchange was trading around $81.75/bbl, having hit a high of $82.25/bbl, which was a gain of $1.43/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|
Asian Chemical Connections