15 October 2010 17:32 [Source: ICIS news]
LONDON (ICIS)--NYMEX light sweet crude futures fell more than $1/bbl on Friday to take the front month November contract below $82/bbl as the US dollar rallied following a statement by Federal Reserve chairman Ben Bernanke suggesting that further monetary easing was needed to support the economy.
By 16:15 GMT, November NYMEX crude had hit a low of $81.22/bbl, a loss of $1.47/bbl from the Thursday close of $82.69/bbl, before recovering to around $81.55/bbl.
At the same time, December Brent crude on ICE Futures was trading around $82.80/bbl, having hit a low of $82.46/bbl, a loss of $1.74/bbl from the previous close.
To discuss issues facing the chemical industry go to ICIS connect
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|