12 April 2012 16:04 [Source: ICIS news]
LONDON (ICIS)--The front-month NYMEX WTI contract gained more than $1.00/bbl on Thursday amid firmer global stock markets.
By 14:25 GMT, the front-month May contract had reached an intra-day high of $103.76/bbl, a gain of $1.06/bbl compared with Wednesday's settlement. The contract then edged lower to trade around $103.60/bbl.
At the same time the front-month May ICE Brent contract was trading around $120.35/bbl, having touched an intra-day high of $120.70/bbl, a gain of 52 cents compared with Wednesday's close.
Futures in crude oil were trading inline with global stock markets, which lifted on Thursday supported by rising banking stocks.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections