Oil prices are falling on Friday on reported profit taking after the brief rally seen in the wake of the Greek austerity vote and the lower US crude stock levels.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 111.71/bbl on the ICE platform, down USD 0.77 on Thursday's close, while the WTI August contract on Nymex traded USD 0.80 lower at USD 94.62/bbl.
"It's the end of the week and the oil market has already had a rally this week so people are profit-taking,” one Australia-bas
Freitag, 1.07.2011, 08:11 Uhr
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