NYMEX crude down $2/bbl on weak products and firm dollar

20 January 2012 15:20  [Source: ICIS news]

LONDON (ICIS)--NYMEX light sweet crude futures fell by more than $2.00/bbl on Friday to take the front month February contract close to $98.00/bbl on the back of a firmer US dollar and weak products markets.

By 15:05 GMT, February NYMEX crude had hit a low of $98.09/bbl, a loss of $2.30/bbl from the Thursday close of $100.39/bbl, before recovering to around $98.30/bbl.

At the same time, March Brent crude on ICE Futures was trading around $110.40/bbl, having hit a low of $110.33/bbl, a loss of $1.22/bbl from the previous close of $111.55/bbl.


By: Tony Dillon
+44 20 8652 3214



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