Oil prices are retreating from strong prior-session gains on Wednesday morning with a bullish drop in crude stocks reported by the American Petroleum Institute (API) "completely overshadowed” as eurozone fears remain a primary concern, weighing on risk appetite.
The front month contract for Brent crude North Sea oil on the Ice platform last changed hands at USD 107.97/bbl, down USD 1.06 day on day, while on Nymex, the January WTI crude contract was last trading at USD 96.52/bbl, down USD 1.49.
"These figures [from the American Petroleum Institute] are much more than expectations, so people are now thinking t
Mittwoch, 23.11.2011, 08:39 Uhr
Redaktion
© 2024 Energie & Management GmbH