US crude futures rise $1.31/bbl on pre-weekend rally

24 September 2010 20:45  [Source: ICIS news]

HOUSTON (ICIS)--NYMEX light sweet crude for November delivery settled at $76.49/bbl on Friday, up $1.31, tracking a healthy rally in the stock market and negative sentiment against the US dollar.

Mixed economic data sent Wall Street sharply higher and expectations of continuing weakness in the dollar triggered a rally across the energy complex.

November light sweet crude topped out at $76.68/bbl, up $1.50, before retreating slightly ahead of the closing bell.

November ICE Brent established an intra-day high of $79.40/bbl, before closing at $78.87, up 76 cents.

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By: Staff Reporter
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