Oil prices are extending profit-taking losses incurred in Friday's session, with volatility set to stay high as the market eyes a raft of economic news expected this week to provide direction, players said on Monday.
The front month contract for Brent crude North Sea oil on the Ice exchange was last seen at USD 109.25/bbl, down USD 0.66 on Friday's close and extending the USD 2.17 drop seen that session. On Nymex, the front month WTI crude contract last changed hands down USD 0.87 at USD 92.45/bbl, after shedding USD 0.64 in the Friday session. Oil prices fell on Friday in a counter-reaction to
Montag, 31.10.2011, 08:18 Uhr
Redaktion
© 2024 Energie & Management GmbH