16 November 2010 12:14 [Source: ICIS news]
LONDON (ICIS)--Crude prices fell more than $1/bbl on Tuesday to take Brent crude on ICE Futures below $86.00/bbl on the back of a stronger US dollar against the euro and expectations that the ?xml:namespace>
By 11:40 GMT, January Brent crude had hit a low of $85.64/bbl, a loss of $1.12/bbl from the Monday close of $86.76/bbl, before recovering to around $85.80/bbl.
At the same time, December NYMEX light sweet crude futures was trading around $83.65/bbl, having hit a low of $83.56/bbl, a loss of $1.30/bbl from the previous close.
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