Oil prices are easing off on Tuesday but continue to trade above the USD 53/bbl mark as the US government's plan to purchase toxic debt off the balance sheets of banks receives a positive reception from investors, said players.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 53.20/bbl on the ICE platform, down USD 0.27 on Monday's close.
Oil prices gained as investors welcomed the USD 1,000bn "bad debt plan”, said Hudson Capital Group analyst Jonathan Kornafel.
"The link between oil and equities is important to note, as it serves to highlig
Dienstag, 24.03.2009, 08:19 Uhr
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