07 September 2012 15:22 [Source: ICIS news]
LONDON (ICIS)--NYMEX light sweet crude futures fell by more than $1.00/bbl on Friday after the US Labor Depart published a report presenting disappointing employment growth in the country.
By 13:56 GMT, the front-month October NYMEX WTI contract had touched an intra-day low of $94.08/bbl, a loss of $1.45/bbl compared with Thursday's settlement. The contract then edged a little higher to trade around $94.35/bbl.
At the same time the front-month October ICE Brent contract was trading around $112.70/bbl, having hit an intra-day low of $112.48/bbl, a loss of $1.01/bbl against Thursday’s close.
The Labor Department said on Friday that the ?xml:namespace>
Economists had been predicting employment growth of around 130,000 for August.
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