01 June 2012 13:56 [Source: ICIS news]
LONDON (ICIS)--The front-month July Brent crude oil futures contract lost more than $4.00/bbl on Friday on the back of weak manufacturing data from ?xml:namespace>
By 12:40 GMT, the front-month July ICE Brent contract fell to an intra-day low at $97.70/bbl, a loss of $4.17/bbl from the last close. The contract then edged higher to trade around $98.30/bbl.
At the same time, the front-month July NYMEX WTI contract was trading around $83.00/bbl, having touched an intra-day low at $82.56/bbl, a loss of $3.97/bbl against Thursday’s close.
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