Oil prices are extending the previous session's losses on Tuesday morning amid a "perfect storm” of China interest rate concerns, a stronger dollar and weaker equities, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands down USD 0.08 at USD 77.81/bbl on the ICE platform, while the WTI April contract on Nymex last traded USD 0.03 higher at USD 79.70/bbl.
On Monday, the Brent contract closed down USD 1.50 at USD 77.89/bbl, following trades in a USD 77.27-79.53/bbl range, while the WTI contract shed USD 1.44 to end
Dienstag, 16.03.2010, 08:23 Uhr
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