Oil prices are falling on Tuesday morning as Asian equity markets have been destabilised by concerns over a nuclear missile test carried out by North Korea, but a reversal may be seen when the US opens due to renewed focus on the summer driving season, said one analyst.
The front month contract for Brent North Sea crude oil was last seen changing hands USD 0.16 below the previous settlement at USD 60.05/bbl on the ICE platform. In New York, the July WTI contract was last seen traded USD 0.27 below Monday's close at USD 60.95/bbl.
On Monday, the Brent July contract lost USD 0.57 to end the day at USD 60.21/bbl after having traded in a USD 59.8
Dienstag, 26.05.2009, 08:19 Uhr
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