03 February 2011 11:48 [Source: ICIS news]
LONDON (ICIS)--Crude prices gained more than $1/bbl on Thursday to take Brent crude on ICE Futures above $103/bbl over worries about the ?xml:namespace>
By 11:30 GMT, March Brent crude had hit a high of $103.37/bbl, a gain of $1.03/bbl from the Wednesday close of $102.34/bbl, before easing back to around $102.65/bbl.
At the same time, March NYMEX light sweet crude futures was trading around $91.70/bbl, having hit a high of $92.05/bbl, a gain of $1.19/bbl from the previous close.
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