Brent down $1/bbl on eurozone concerns

11 February 2013 12:59  [Source: ICIS news]

LONDON (ICIS)--Crude prices fell by more than $1.00/bbl on Monday, taking Brent crude on ICE Futures back below $118.00/bbl, as the euro lost ground to the US dollar amid renewed concerns over the eurozone economy.

By 12:30 GMT, March Brent crude had hit a low of $117.88/bbl, a loss of $1.02/bbl from Friday’s close of $118.90/bbl, before recovering to around $117.95/bbl.

At the same time, March NYMEX light sweet crude futures were trading at around $95.40/bbl, having hit a low of $95.31/bbl, a loss of 41 cents/bbl from the previous close of $95.72/bbl.

By: Tony Dillon
+44 20 8652 3214

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