Crude prices are softening on Wednesday morning following a preliminary report that showed US oil stocks increased more than expected, with analysts predicting official data released this afternoon will show them hitting a seven-month high.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 124.69/bbl on the Ice platform, down USD 0.17 on Tuesday's close.
Losses on the equivalent US WTI contract on Nymex are steeper, meanwhile, with May last trading USD 0.40 softer at USD 103.60/bbl.
Contracts are falling as players remain cautious ahead of the offic
Mittwoch, 4.04.2012, 08:34 Uhr
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