Oil prices dropped below the 70 dollar mark in London during yesterday's trading amid the turbulence in the credit marktes. This morning the Brent was last seen at USD 70.30/barrel.
The front month Brent contract for September reached a low of USD 69.25/barrel yesterday, but settled higher at 70.21, still down 78 cents from the day before.Prices were pushed down by increased fears of a liquidity crunch in global markets as BNP Paribas barred withdrawals from funds that owned subprime loans. As a result investors were moving money out of the oil to cover losses in ot
Freitag, 10.08.2007, 08:00 Uhr
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