 LONDON (Tx21.Com.Cn news)--Crude prices recovered some of the ground lost earlier in the week to rise by more than $2/bbl on Friday and take Brent crude on ICE Futures above $50/bbl following a temporary rebound in the stock markets and a slide in the US dollar. By 14:50 GMT, January Brent crude had hit a high of $50.14/bbl, a gain of $2.06/bbl over Thursday’s close of $48.08/bbl, before easing back to around $48.55/bbl. At the same time, January NYMEX crude was trading around $49.50/bbl, having hit a high of $51.12/bbl, which was a gain of $1.70/bbl over the previous close. To discuss issues facing the chemical industry go to Tx21.Com.Cn connect |