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

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