10 November 2010 17:26 [Source: ICIS news]
LONDON (ICIS)--NYMEX light-sweet crude futures gained more than $1/bbl on Wednesday to take the front-month December contract to new two-year highs above $88/bbl.
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By 16:55 GMT, December NYMEX crude gained $1.30/bbl from the previous close of $86.72/bbl to hit a high of $88.02/bbl, before easing back to around $87.95/bbl.
At the same time, December Brent crude on the ICE futures exchange was trading around $89.20/bbl, having hit a high of $89.24/bbl, which was a gain of $0.91/bbl from the previous close.
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