Oil prices are falling further on Tuesday morning as investors take profits, with the front Brent contract currently trading USD 4 below previous session highs.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 122.72/bbl on the ICE platform, down USD 1.26 on Monday's close.
On Monday, the May Brent contract shed USD 2.67 to settle at USD 123.98/bbl, while the intraday high was registered at USD 127.02/bbl.
Oil futures had been overbought, fuelling the bearish sentiment,
Dienstag, 12.04.2011, 08:15 Uhr
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