Crude oil futures gain $1/bbl as Irish debt worries fade

15 November 2010 14:21  [Source: ICIS news]

LONDON (ICIS)--Crude prices gained more than $1/bbl on Monday to take Brent crude on ICE Futures to above $87/bbl as worries over Irish debts, which resulted in losses of more than $2/bbl on Friday, faded.

By 13:55 GMT, December Brent crude had hit a high of $87.37/bbl, a gain of $1.03/bbl from the Friday close of $86.34/bbl, before easing back to around $87.05/bbl.

At the same time, December NYMEX light sweet crude futures were trading at around $85.40/bbl, having hit a high of $85.77/bbl, a gain of $0.89/bbl from the previous close.

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By: Giovanni Coiro
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