A ceasefire between Israel and Palestinian militants plus an agreement by Russia and Ukraine to end their ongoing gas dispute has seen oil move lower on Tuesday as concerns of a global recession came to the fore, players said.
Brent North Sea crude oil for March delivery was last seen at USD 44.10/bbl on the London's ICE exchange, down USD 0.40 on Monday's close.
"The peaks and valleys for coal and oil prices continue to mirror equities markets. In this uncertain outlook, identifying support levels is challenging. There's a lack of concrete upside signals for the coming months [for coa
Dienstag, 20.01.2009, 08:10 Uhr
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