While oil is trading flat following Monday's dollar-driven volatility, which saw Brent rise more than USD 2 and then fall back, the fundamentals do not support a break through the USD 80/bbl level, players said on Tuesday.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 77.24/bbl on the ICE platform, down USD 0.22 on the previous close.
On Nymex, the WTI January contract last traded USD 0.47 lower at USD 77.09/bbl.
On Monday, the Brent contract ended the day up USD 0.26 at USD 77.46/bbl after having peaked at USD 79.58/bbl, while the WTI con
Dienstag, 24.11.2009, 08:22 Uhr
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