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Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 13 January 2012 [View all]
xchrom
(108,903 posts)34. Brent falls as euro weakens, Nigeria eyed
http://uk.reuters.com/article/2012/01/13/us-markets-oil-idUSTRE7AD06820120113?type=GCA-Davos
Reuters) - Brent crude futures dropped in volatile trade on Friday as the euro fell amid ongoing worries about the euro zone, although the threat of supply disruptions in Nigeria lent some support to prices.
By 1147 GMT, Brent crude futures were 20 cents lower at $111.06 a barrel, reversing earlier gains after hitting an intra day high of $112.50.
U.S. light crude futures were up 7 cents at $99.17 per barrel, having touched an intra-day high of $100.19 earlier in the session.
Brent futures dropped tracking weakness in the euro, which fell to a session low in European trade after an auction of Italian 10-year bond yields did not manage to attract as much demand as Spain's sale on Thursday.
Reuters) - Brent crude futures dropped in volatile trade on Friday as the euro fell amid ongoing worries about the euro zone, although the threat of supply disruptions in Nigeria lent some support to prices.
By 1147 GMT, Brent crude futures were 20 cents lower at $111.06 a barrel, reversing earlier gains after hitting an intra day high of $112.50.
U.S. light crude futures were up 7 cents at $99.17 per barrel, having touched an intra-day high of $100.19 earlier in the session.
Brent futures dropped tracking weakness in the euro, which fell to a session low in European trade after an auction of Italian 10-year bond yields did not manage to attract as much demand as Spain's sale on Thursday.
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