15 August 2011 20:55 [Source: ICIS news]
HOUSTON (ICIS)--NYMEX light sweet crude for September delivery settled at $87.88/bbl, up $2.50, tracking a rally in the stock market.
The dollar shifted lower versus the euro, encouraging buying across various commodities.
September crude surged to $88.05/bbl, up $2.67 versus the previous close, before settling just off the top of the range.
ICE Brent lagged behind its American counterpart, settling in September at $109.91/bbl, up $1.88.
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