Oil prices are weakening on Wednesday, due to profit-taking following the recent oil price rally, said players.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 93.34/bbl on the ICE platform, down USD 0.19 on Tuesday's close.
On Nymex, the WTI February contract was last seen at USD 89.27/bbl, down USD 0.11 on Tuesday's close.
Oil prices were trading lower due to ”a bit of profit-taking̶
Mittwoch, 5.01.2011, 08:11 Uhr
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