Oil prices are trading flat on Wednesday morning following a plunge in the previous session as default concerns in Ireland and expectations of further Chinese monetary tightening overshadowed a large drop in API crude stocks, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands down USD 0.23 at USD 84.50/bbl on the ICE platform, while the WTI December contract traded USD 0.16 lower at USD 82.18/bbl.
On Tuesday, the Brent January contract closed down USD 2.03 at USD 84.73/bbl, following an opening at USD 86.50/bbl, while the contract in New York shed USD 2.52 to finish a
Mittwoch, 17.11.2010, 08:10 Uhr
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