Oil prices are continuing to decline on Tuesday morning following the hefty losses seen in the previous session as eurozone debt concerns remain in focus and amid increasing risk aversion, players said.
The front month Brent North Sea oil contract was last seen USD 0.63 lower day on day at USD 116.61/bbl, while the WTI on Nymex contract last traded USD 0.53 softer at USD 94.63/bbl. There is increasing concern about the health of the eurozone economy, with worries now extending to Italy, one Australia-based player said, adding that this was increasing risk aversion in the market.
Dienstag, 12.07.2011, 09:16 Uhr
Redaktion
© 2024 Energie & Management GmbH