Brent crude prices are down nearly USD 3 on Monday morning as the market expects the Gaddafi regime in Libya to fall "within days” and oil flows to resume, said one analyst.
The Brent front month contract for North Sea crude oil was last seen USD 2.66 down on Friday's close, at USD 105.96/bbl, while Nymex WTI for October was trading USD 0.60 lower at USD 81.81/bbl.
"Brent futures are reacting to what looks like a turning point for Libya,” said oil analyst Victor Shum at Singapore's Purvin & Gertz, add
Montag, 22.08.2011, 08:16 Uhr
Redaktion
© 2024 Energie & Management GmbH