Oil prices are declining for the sixth consecutive session following a "huge” increase in US crude inventories reported by the American Petroleum Institute on Tuesday, which comes against a backdrop of continued eurozone concerns.
The front month contract for Brent North Sea crude oil was last seen traded at USD 112.33/bbl, down USD 0.40 day on day, on the Ice exchange.
The corresponding WTI crude oil contract was last seen USD 0.48 lower at USD 96.53/bbl, on Nymex.
"There's not much to lift oil at the moment,” one Asia-Pacific trader said, adding the larger than expected inc
Mittwoch, 9.05.2012, 08:22 Uhr
Andreas Kögler
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