Oil prices are extending losses on Monday from the previous session due to a strengthening US dollar and profit-taking, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 81.81/bbl on the ICE platform, down USD 0.64 on Friday's close.
The price of oil was still largely being determined by the movements of the US dollar, said Ben Westmore, commodities economist at National Bank of Australia.
The US dollar had strengthened to 1.3892 again
Montag, 18.10.2010, 09:14 Uhr
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