Oil prices had eased off around 30 cents at settlement on Tuesday, but only after hitting an intraday low more than one dollar below Monday’s levels at both NYMEX and IPE. Prices elsewhere generally tracked oil prices down to softer but still firm levels.
Uncertainty over newUS crude inventories data to be published today pushed oil prices down and up in a one dollar range yesterday. Most players were said to believe in higher stockpiles, but the dissenters were also present in the market. Prices were also dragged lower after comments from officials of the OPEC suggesting the market was oversupplied.US crude for June traded in a 54.40
Mittwoch, 27.04.2005, 11:04 Uhr
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