20 July 2012 14:33 [Source: ICIS news]
LONDON (ICIS)--Crude oil futures extended losses on Friday afternoon pressured by falling stocks across global markets and renewed concerns over ?xml:namespace>
By 12:40 GMT, the front-month September ICE Brent contract had hit an intra-day low of $105.60/bbl, a loss of $2.20/bbl compared with Thursday's close. The contract then edged a little higher to trade around $106.05/bbl.
At the same time the front-month August NYMEX WTI contract was trading around $90.80/bbl, having earlier touched an intra-day low of $90.66/bbl, a loss of $2.00/bbl against Thursday’s settlement.
Higher Spanish bond yields forced financial markets, including
($1 = €0.81)
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