Brent falls more than $5/bbl on Japan nuclear crisis, investor worries

15 March 2011 12:13  [Source: ICIS news]

LONDON (ICIS)--Crude prices fell more than $5/bbl on Tuesday to take April Brent on ICE Futures below $108/bbl as fresh explosions at a Japanese nuclear plant increased investors' concerns over the country's economy and demand for oil.

By 11:50 GMT, April Brent crude had hit a low of $107.88/bbl, a loss of $5.79/bbl from Monday’s close of $113.67/bbl.

At the same time, April NYMEX light sweet crude futures were trading around $97.00/bbl, having hit a low of $96.71, a loss of $4.48/bbl from the previous close.

By: Neha Popat
+44 208 652 3214

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