06 August 2012 12:45 [Source: ICIS news]
SINGAPORE (ICIS)--Crude futures prices declined on Monday, with Brent falling by more than $1/bbl at one stage amid profit taking after the sharp rally last Friday.
At 11:09 GMT, September Brent crude on ?xml:namespace>
September NYMEX light sweet crude futures (WTI) were trading at $91.04/bbl, down by 36 cents/bbl on the previous close. Earlier, the
Crude prices eased after making substantial gains last Friday which pushed September Brent futures values up by more than $3.04/bbl and September WTI futures up by $4.27/bbl at the close.
Crude values rallied on Friday following better than expected
Heightened Middle East tensions added further upside pressure with the US Congress passing over the weekend a new package of sanctions against
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