NYMEX crude gains $1/bbl on US gasoline, dollar

08 October 2010 16:16  [Source: ICIS news]

LONDON (ICIS)--NYMEX light sweet crude futures gained more than $1.00/bbl on Friday to take the front month November contract close to $83.00/bbl on the back of a firm US gasoline market and a weaker US dollar following disappointing US payroll data.

By 15:00 GMT, November NYMEX crude had hit a high of $82.87/bbl, a gain of $1.20/bbl from the Thursday close of $81.67/bbl, before easing back to around $82.80/bbl.

At the same time, November Brent crude on ICE Futures was trading around $84.30/bbl, having hit a high of $84.38/bbl, a gain of $0.95/bbl from the previous close.

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By: Tony Dillon
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