Brent crude falls more than $1/bbl on weaker stock markets

04 September 2012 15:16  [Source: ICIS news]

LONDON (ICIS)--ICE Brent crude oil futures weakened by more than $1.00/bbl on Tuesday as global stock markets fell into negative territory.

By 13:57 GMT, the front-month October ICE Brent contract touched an intra-day low at $114.72/bbl, a loss of $1.06/bbl from the settlement on Monday. The contract then edged a little higher to trade around $115.10/bbl.

At the same time the front-month October NYMEX WTI contract was trading around $95.90/bbl, having touched an intra-day low at $95.80/bbl, a loss of 67 cents/bbl against Monday’s settlement.


By: Kawai Wong
+44 20 8652 3214



AddThis Social Bookmark Button

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.

Printer Friendly