31 October 2011 04:16 [Source: ICIS news]
SINGAPORE (ICIS)--Brent crude prices fell more than $1/bbl on Monday amid cautious trade as investors await a Group of 20 (G20) summit later this week.
At 03:09 GMT, December Brent crude on ?xml:namespace>
December NYMEX light sweet crude futures (WTI), meanwhile, were at $92.78/bbl, down by 54 cents from the previous close. Earlier, the
Uncertainties over Europe’s ability to cope with its debt crisis continued to weigh on crude markets, despite a plan approved by eurozone officials last week that will strengthen the eurozone rescue fund, recapitalise banks and lower Greece’s debt level.
Traders are now awaiting talks at the G20 summit, which is expected to focus primarily on the debt crisis in the eurozone.
The summit will take place at
($1 = €0.71)
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