15 February 2013 14:57 [Source: ICIS news]
LONDON (ICIS)--NYMEX light sweet crude futures fell more than $1.00/bbl on Friday to take the front-month March WTI contract below $96.00/bbl as poor US industrial output added to disappointing global economic data and raised concerns over possible shrinking demand for energy.
By 14:20 GMT, March NYMEX crude had hit a low of $95.63/bbl, a loss of $1.68/bbl from the Thursday close of $97.31/bbl, before recovering to around $95.90/bbl.
At the same time, April Brent crude on ICE Futures was trading around $116.80/bbl, having hit a low of $116.51/bbl, a loss of $1.49/bbl from the previous close of $118.00/bbl.
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