Oil prices are softening on Wednesday morning as an explosion at a Mexican refinery that pushed prices higher in the previous session is now thought unlikely to reduce output significantly, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands down USD 0.14 at USD 77.60/bbl on the ICE platform.
On Tuesday, the Brent contract closed up USD 0.87 at USD 77.74/bbl, following trades in a USD 75.56-78.32/bbl range, while the WTI October contract on Nymex shed USD 0.51 to end the day at USD 74.09/bbl.
Prices had come
Mittwoch, 8.09.2010, 08:20 Uhr
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