OIL:

Market news

13 May 2011

OIL:

NYMEX June light sweet crude oil futures hold down $0.43 at $98.54 per barrel after trading in a $97.87 to $100.70 range. After the fast-paced $20.20 tumble from the 31-month high of $114.83 (May 2) to last Friday's low of $94.63, the front contract has held in a $95.25 (May 12) to $104.60 (May 11) range.

GOLD:

GBP/USD under pressure

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