20 April 2011 10:22 [Source: ICIS news]
(updates crude prices)
At 08:49 GMT, June Brent on
June NYMEX light sweet crude futures were also trading at a session high of $109.84/bbl, up $1.56/bbl.
The US dollar declined against the euro and other leading currencies on Wednesday, making dollar-denominated commodities like oil more attractive to international investors.
Crude prices were also supported by weekly
The data also showed a greater-than-expected drawdown in gasoline inventories. Traders now await the more widely followed official US government inventory data from the Energy Information Administration (EIA), which is due out later on Wednesday.
Asian equity markets also firmed on Wednesday, with the Nikkei 225 stock index in
($1 = €0.70)
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