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.
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