Oil prices still look weak on Tuesday morning after substantial losses in the previous session as credit ratings agency Standard & Poors cut its sovereign debt outlook for the US.
The front month Brent crude contract was last seen at USD 121.65/bbl, up USD 0.04 on Monday's close.
Meanwhile, the front month WTI contract was last heard of at USD 106.93/bbl in electronic trading, down USD 0.19 on Monday's close at Nymex.
Brent lost USD 1.84 on Monday to settle at USD 121.61/bbl, while losses in WTI were more pronounced, with
Dienstag, 19.04.2011, 08:12 Uhr
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