21 November 2013 16:09 [Source: ICIS news]
LONDON (ICIS)--NYMEX light sweet crude futures gained more than $1.00/bbl on Thursday to take the front-month January contract above $95.00/bbl after the weekly US Natural Gas stock figures from the Energy Intelligence Administration (EIA) showed a larger draw than forecast.
This added to concerns over winter heating fuel after the weekly oil stock data published by the EIA on Wednesday showed a massive draw on distillates.
By 15:50 GMT, January NYMEX crude had hit a high of $95.18/bbl, a gain of $1.33/bbl from the Thursday close of $93.85/bbl and was trading just below that.
At the same time, January Brent crude on ICE Futures was trading around $108.95/bbl, having hit a high of $108.99/bbl, a gain of 93 cents/bbl from the previous close of $108.06/bbl.
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