US crude dropped towards its lowest levels for almost four months yesterday on expectations of stronger stockpiles. Meanwhile, European gas prices continue to rise on strong winter demand.
At Nymex, the front month slipped 0.71 dollars to settle at USD 56.98 a barrel in yesterday’s trading, the lowest close since 20 July. Traders and analysts said the main reason for the decline was expectations of strong US stockpiles when the weekly US inventory report is presented later today.According to a survey by Bloomberg, the median response of 14 analysts were that oil supp
Mittwoch, 16.11.2005, 08:12 Uhr
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