NYMEX crude futures gain $1/bbl on drop in US jobless claims

09 September 2010 14:21  [Source: ICIS news]

LONDON (ICIS)--NYMEX light sweet crude futures gained more than $1.00/bbl on Thursday to take the front month October contract close to $76.00/bbl on the back of data showing a drop in US jobless claims.

By 13.10 GMT, October NYMEX crude had hit a high of $75.86/bbl, a gain of $1.19/bbl from the Wednesday close of $74.67/bbl, before easing back to around $75.80/bbl.

At the same time, October Brent crude on ICE Futures was trading around $78.60/bbl, having hit a high of $78.66/bbl, a gain of $0.49/bbl from the previous close.

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Author: Tony Dilllon

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