Oil prices are falling on Wednesday as US crude stocks rose for an eighth consecutive week, while ongoing eurozone concerns are also weighing on contracts following the breakdown of talks in Greece on Tuesday.
The front month contract for Brent North Sea crude oil was last seen traded at USD 111.10/bbl, down USD 1.14 day on day, on the Ice exchange.
On Nymex, the June WTI contract was last seen down USD 1.30 at USD 92.68/bbl.
The eighth consecutive weekly increase in US crude stocks added to the bearish pressure on WTI, with the New York contract's discount to
Mittwoch, 16.05.2012, 08:34 Uhr
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