Bloomberg News

Brent Crude, Priced in Pounds, Approaches Record High in London

February 22, 2012

Feb. 22 (Bloomberg) -- North Sea Brent crude’s price, expressed in U.K. pounds, traded within a few pence of an April 2011 record high, data compiled by Bloomberg shows.

The price of Brent for April settlement on the ICE Futures Europe exchange in London, converted to the British currency, rose as high as 77.59 pounds today. That compares with an April 8 intraday high of 77.64 pounds, the data show.

The dollar price of the front-month contract rose as high as $121.92 today. It rose to a record of $147.50 a barrel on July 11, 2008.

--Editors: Stephen Voss, Randall Hackley

-0- Feb/22/2012 11:29 GMT

-0- Feb/22/2012 11:31 GMT

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-0- Feb/22/2012 11:52 GMT

To contact the reporter on this story: John Buckley in Amsterdam at johnbuckley@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net -0- Feb/22/2012 11:28 GMT


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