U.S. crude ends day up 9 pct, close month off 1.8 pct
29/06/2012 at 19:59
NEW YORK, June 29 Reuters - U.S. crude futures ended with a gain of more than 9 percent on Friday, the biggest single-day percentage rise since March 12, 2009, after EU leaders agreed to support ailing euro zone banks and preserve the single currency.
NYMEX crude for August delivery settled at $84.96 a barrel, rising $7.27, or 9.36 percent, after trading between $78.28 to $85.28. For the month, front-month U.S. crude fell $1.57, or 1.81 percent.
For the quarter, front-month U.S. crude slid $18.06, or 17.5 percent, the biggest quarterly percentage loss since the last quarter of 2008 at the height of the financial crisis, when prices fell 55.7 percent.
Reporting By Gene Ramos; Editing by Alden Bentley
gene.ramos@thomsonreuters.com646-223-6054Reuters Messaging: gene.ramos.reuters.com@reuters.net
Keywords: