Oil prices are extending Wednesday's losses in the current session as concerns about major world economies and ample supply offset the impact of reduced Iranian and Norwegian output, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 99.36/bbl on the Ice platform, down USD 0.41 on Wednesday's close, while the WTI August contract on Nymex traded USD 0.86 lower at USD 86.80/bbl.
"There is more risk to the downside, than the upside,” analyst Victor Shum at Singapore's Purvin & Gertz told Montel, citing con
Donnerstag, 5.07.2012, 08:04 Uhr
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