Brent up on day, ends Q2 with biggest dip since '08
29/06/2012 at 20:29
NEW YORK, June 29 Reuters - Brent crude futures jumped more than 7 percent on Friday, the biggest one-day percentage gain since April 2, 2009, after European leaders acted to aid troubled euro zone banks and preserve the single currency.
In London, August Brent crude settled at $97.80 a barrel, gaining $6.44, or 7.05 percent, after trading between $91.73 and $98.29. For June, front-month Brent fell $4.07, or 4 percent.
For the quarter, front-month Brent dropped $25.08 a barrel, or 20.4 percent, the biggest quarterly percentage loss since the last quarter of 2008, when Brent fell 53.6 percent.
Reporting by Gene Ramos; Editing by Dale Hudson
gene.ramos@thomsonreuters.com646-223-6054Reuters Messaging: gene.ramos.reuters.com@reuters.net
Keywords: MARKETS ENERGY CRUDE/BRENT