14 April 2011 21:23 [Source: ICIS news]
HOUSTON (ICIS)--NYMEX light sweet crude for May delivery settled up by $1.00 at $108.11/bbl on Thursday in volatile trading in response to weakness in the US dollar versus a basket of currencies.
A weak jobs report showing a rise in jobless claims pressured the dollar and attracted buying across various commodities.
May crude finished up for the second consecutive session, topping out at $108.55/bbl, up $1.44, before chopping around just off the highs.
The expiring May ICE Brent contract settled at $122.36, down 52 cents.
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