Oil prices are softening on Tuesday morning following a late Monday rally when crude values regained most of their earlier losses following Opec's decision not to cut production, with players now expecting rangebound trading for the week.
The front month contract for Brent North Sea crude oil, which had now changed to May, was last seen changing hands at USD 45.93/bbl on the ICE platform, down USD 0.53 on Monday's close .
Earlier on Monday, however, the expiring April contract had traded as low as USD 42.59/bbl.
Oil would continue to range trade this week as the Opec decision had no sho
Dienstag, 17.03.2009, 08:14 Uhr
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