11 November 2011 16:10 [Source: ICIS news]
LONDON (ICIS)--NYMEX light sweet crude futures gained more than $1/bbl on Friday to take the front month December contract close to $99/bbl after the Italian senate voted to approve a programme of austerity measures.
Some positive US consumer data added further upward impetus.
By 15:45 GMT, December NYMEX crude had hit a high of $98.98/bbl, a gain of $1.20/bbl from the Thursday close of $97.78/bbl, before easing back to around $98.90/bbl.
At the same time, December Brent crude on ICE Futures was trading around $114.65/bbl, having hit a high of $114.73/bbl, a gain of $1.02/bbl from the previous close of $113.71/bbl.
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