11 August 2010 12:57 [Source: ICIS news]
LONDON (ICIS)--NYMEX light sweet crude futures fell more than $1/bbl on Wednesday to take the front-month September contract close to $79/bbl as a result of weaker stock markets, which were suffering from concerns about the faltering global economic recovery.
By 11:45 GMT, September NYMEX crude lost $1.10/bbl from the previous close of $80.25/bbl to hit a low of $79.15/bbl, before recovering to around $79.20/bbl.
At the same time, September Brent crude on the ICE futures exchange was trading around $78.60/bbl, having hit a low of $78.57/bbl, which was a loss of $1.03/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