NYMEX crude down $1/bbl on firm US dollar

02 November 2012 14:46  [Source: ICIS news]

LONDON (ICIS)--NYMEX light sweet crude futures fell over $1.00/bbl on Friday to take the front-month December WTI contract below $86.00/bbl on the back of a firmer dollar following strong US payroll data.

By 14:25 GMT, December NYMEX crude had hit a low of $85.53/bbl, a loss of $1.56/bbl from the Thursday close of $87.09/bbl, before recovering to around $85.60/bbl.

At the same time, December Brent crude on ICE Futures was trading around $107.60/bbl, having hit a low of $107.55/bbl, a loss of 62 cents/bbl from the previous close of $108.17/bbl.

By: Tony Dillon
+44 20 8652 3214

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