Crude prices fall by more than $1.00/bbl

05 August 2010 14:41  [Source: ICIS news]

LONDON (ICIS)--Crude prices fell by more than $1.00/bbl on Thursday to take Brent crude on ICE Futures close to $81.00/bbl on the back of a firmer dollar and a report showing a rise in US jobless claims.

By 13:30 GMT, September Brent crude had hit a low of $81.08/bbl, a loss of $1.12 from the Wednesday close of $82.20, before recovering to around $81.15.

At the same time, September NYMEX light sweet crude futures was trading around $81.65/bbl, having hit a low of $81.57, a loss of $0.90 from the previous close.

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Author: Tony Dillion

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