NYMEX light sweet crude falls more than $1/bbl on market losses

25 August 2011 16:08  [Source: ICIS news]

LONDON (ICIS)--NYMEX light sweet crude futures fell more than $1.00/bbl on Thursday to take the front month October contract below $84.00/bbl following US stock market losses.

By 14:20 GMT, October NYMEX light sweet crude futures had hit a low of $83.83/bbl, a loss of $1.33/bbl from Wednesday's close of $85.16/bbl, before recovering to around $84.05/bbl.

At the same time, October Brent crude on ICE Futures was trading around $109.50/bbl, having hit a low of $109.29/bbl, a loss of $0.86/bbl from the previous close.

By: Kawai Wong
+44 20 8652 3214

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