Oil prices are falling on Tuesday morning as the dollar is strengthening against the euro following signs the eurozone debt crisis has spread to Spain, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands down USD 1.29 at USD 69.88/bbl on the ICE platform.
News that Spain's central bank took over ailing savings bank CajaSur confirmed concerns that Europe's debt crisis was spreading, said analysts at ANZ Bank in Melbourne, adding a stronger US dollar pressured crude prices.
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Dienstag, 25.05.2010, 08:05 Uhr
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