ICE Brent gains more than $1/bbl ahead of contract expiry

13 September 2012 14:17  [Source: ICIS news]

LONDON (ICIS)--The front-month ICE Brent October contract gains more than $1.00/bbl on Thursday ahead of the contract expiry.

By 12:50 GMT, the October ICE Brent contract reached an intra-day high at $117.19/bbl, a gain of $1.23/bbl compared with Wednesday’s settlement. The contract then edged lower to trade around $117.10/bbl.

At the same time, the front-month October NYMEX WTI contract was trading around $97.55/bbl, having touched an intra-day high at $97.60/bbl, a gain of 59 cent/bbl compared with Wednesday’s close.

By: Kawai Wong
+44 20 8652 3214

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