10 September 2010 10:43 [Source: ICIS news]
LONDON (ICIS)--NYMEX light sweet crude futures gained more than $1.00/bbl on Friday to take the front month October contract close to $76.00/bbl on the back of supply concerns for the US mid-west following the closure of the main pipeline importing crude from Canada due too a leak.
By 09:20 GMT, October NYMEX crude had hit a high of $75.92/bbl, a gain of $1.67/bbl from the Thursday close of $74.25/bbl, before easing back to around $75.85/bbl.
At the same time, October Brent crude on ICE Futures was trading around $77.65/bbl, having hit a high of $77.92/bbl, a gain of $0.45/bbl from the previous close.To discuss issues facing the chemical industry go to ICIS connect
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