04 January 2011 15:52 [Source: ICIS news]
LONDON (ICIS)--NYMEX light sweet crude futures lost more than $2.00/bbl on Tuesday to take the front-month February contract below $90.00/bbl, on the back of profit taking after prices rose to new 27-month highs on Monday.
By 15:25 GMT, February NYMEX crude had hit a low of $89.44/bbl, a loss of $2.11/bbl from the Monday close of $91.55/bbl, before recovering to around $90.00/bbl.
At the same time, February Brent crude on ICE Futures was trading at around $93.80/bbl, having hit a low of $93.30/bbl, a loss of $1.54/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|
Asian Chemical Connections