Oil prices are edging lower on Tuesday morning after some recovery in the previous session, but the third quarter outlook remains weak with players expecting the Brent front month contract to fall to USD 100/bbl.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 105.68/bbl on the ICE platform, down USD 0.31 on Monday's close.
On Monday the front August Brent contract rose USD 0.87 to settle at USD 105.99/bbl.
"To be honest, I do not know why it bounced back on Monday as there is nothing bullish in the market,” sa
Dienstag, 28.06.2011, 08:18 Uhr
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