Crude futures fall more than $1.50 on eurozone debt crisis concerns

08 December 2011 15:46  [Source: ICIS news]

LONDON (ICIS)--Crude oil futures fell by more than $1.50/bbl on Thursday, driven down by concerns over the ongoing eurozone debt crisis and a weaker euro against the dollar.

 

By 15:14 GMT, January Brent crude had hit a low of $107.92/bbl, a loss of $1.61/bbl from Wednesday’s close of $109.53/bbl, before recovering to around $108.22/bbl.

 

At the same time, January NYMEX light sweet crude futures were trading around $98.93/bbl, having hit a low of $98.71/bbl, a loss of $1.78/bbl from the previous close of $100.49/bbl.


By: Kawai Wong
+44 20 8652 3214



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