Brent down $1/bbl on back of a firmer US dollar

01 November 2013 12:31  [Source: ICIS news]

LONDON (ICIS)--Crude prices fell more than $1.00/bbl on Friday to take Brent crude on ICE Futures below $108.00/bbl on the back of a firmer US dollar, which countered earlier positive economic data from China.

By 12:10 GMT, December Brent crude had hit a low of $107.69/bbl, a loss of $1.15/bbl from Thursday’s close of $108.84/bbl, before recovering to around $107.90/bbl.

At the same time, December NYMEX light sweet crude futures were trading around $95.75/bbl, having hit a low of $95.70/bbl, a loss of 68 cents/bbl from the previous close of $96.38/bbl.

By: Tony Dillon
+44 20 8652 3214

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