Oil prices are trading slightly lower on Wednesday morning following a weak set of US inventory data from the American Petroleum Institute (API) on Tuesday evening and a stronger dollar, players said on Wednesday.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 76.83/bbl on the ICE platform, down USD 0.41 on Tuesday's close.
"There was some profit taking once the market saw crude stocks coming down a bit,” said energy analyst Gerard Rigby at First Fuel Consulting in Sydney, adding the dollar, too, had strengthened slightly.
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Mittwoch, 21.10.2009, 08:38 Uhr
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