27 June 2012 11:34 [Source: ICIS news]
LONDON (ICIS)--The front-month August Brent contract weakened by more than $1.00/bbl on Wednesday, pressured by widening divisions across the eurozone.
By 09:30 GMT, the August ICE Brent contract fell to an intra-day low of $91.70/bbl, a loss of $1.32/bbl compared with Tuesday's settlement. The contract then edged a little higher to trade around $92.20/bbl.
At the same time, the front-month August NYMEX WTI contract was trading around $78.95/bbl, having touched an intra-day low of $78.68/bbl, representing a loss of 68 cents/bbl against Tuesday's close.
Divisions between eurozone countries are being highlighted as
Prices are also being pressured by
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