Oil prices are continuing their downward trend on Wednesday on news that Opec is considering raising output and after a bout of profit taking by investors.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 112.17/bbl on the ICE platform, down USD 0.89 on Tuesday's close.
On Nymex, the WTI front month was last seen at USD 104.37/bbl, down USD 0.65 on the previous settlement.
Headlines of comments by the Kuwait oil minister that Opec would raise production to cover for loss
Mittwoch, 9.03.2011, 08:07 Uhr
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