05 February 2013 12:24 [Source: ICIS news]
LONDON (ICIS)--Crude prices gained more than $1.00/bbl on Tuesday to take Brent crude on ICE Futures close to $117.00/bbl, recouping most of the ground lost on Monday as investor fears over the eurozone economy faded and the euro rallied against the US dollar.
By 12:00 GMT, March Brent crude had hit a high of $116.74/bbl, a gain of $1.14/bbl from Monday’s close of $115.60/bbl, before easing back to around $116.60/bbl.
At the same time, March NYMEX light sweet crude futures were trading around $96.90/bbl, having hit a high of $96.99/bbl, a gain of 82 cents/bbl from the previous close of $96.17/bbl.
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