Crude gains more than $1/bbl on weaker US dollar

12 March 2013 13:56  [Source: ICIS news]

LONDON (ICIS)--NYMEX light-sweet crude oil futures gained more than $1.00/bbl on Tuesday as the euro strengthened against the US dollar.

By 13:17 GMT, the front-month April NYMEX WTI contract touched an intra-day high at $93.37/bbl, a gain of $1.31/bbl compared to the settlement on Monday. The contract then edged lower to trade around $93.05/bbl.

At the same time, the front-month April ICE Brent contract was trading around $110.90/bbl, having touched an intra-day high earlier at $111.20/bbl, a gain of 98 cents/bbl from the previous close.

By: Kawai Wong
+44 20 8652 3214

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