Oil prices are falling on Monday amid persisting concerns about European and Asian economies, with players awaiting clearer signals from an EU meeting later.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 111.10/bbl on the Ice platform, down USD 0.92 on Friday's close, while the WTI November contract traded USD 1.02 lower at USD 88.86/bbl.
"The market has turned bearish in the last couple of days, and we've seen the liquidation of some long positions,” analyst Michael Creed of N
Montag, 8.10.2012, 08:27 Uhr
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