NYMEX crude down $1/bbl ahead of stock data

06 February 2013 13:47  [Source: ICIS news]

LONDON (ICIS)--NYMEX light sweet crude futures fell over $1.00/bbl on Wednesday to take the front-month March WTI contract close to $95.00/bbl, on expectations that the weekly US stock data from the Energy Information Administration (EIA) will show larger builds than forecast.

By 13:30 GMT, March NYMEX crude had hit a low of $95.18/bbl, a loss of $1.46/bbl from the Tuesday close of $96.64/bbl, before recovering to around $95.35/bbl.

At the same time, March Brent crude on ICE Futures was trading around $116.00/bbl, having hit a low of $115.76/bbl, a loss of 76 cents/bbl from the previous close of $116.52/bbl.

By: Tony Dillon
+44 20 8652 3214

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