Oil prices are easing from historical highs on Tuesday on the back of widespread profit-taking and expectations of a rise in US crude inventories, although the upward trend is expected to continue.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 120.97/bbl on the ICE platform, down USD 0.09 on Monday's close when it hit its highest level since August 2008, while the WTI May contract on Nymex traded USD 0.36 lower at USD 108.11/bbl, after hitting a 30-month high in the previous session.
The drop was due to market players taking pr
Dienstag, 5.04.2011, 08:33 Uhr
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