Oil prices are weakening on Tuesday morning as investor caution returns to the market following a downgrade of several EU countries by credit ratings agency Moody's.
The front month contract for Brent crude North Sea oil was last traded at USD 117.28/bbl, down USD 0.65 on Monday's close on the Ice exchange.
On Nymex, the March WTI crude oil contract was last seen USD 0.29 lower day on day at USD 100.62/bbl.
"Oil futures have given up some of the recent gains on the downgrading by Moody's, which has caused concern
Dienstag, 14.02.2012, 08:10 Uhr
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