Oil prices are falling on Thursday morning amid profit-taking and concerns of falling Chinese demand as the country may tighten monetary policy on inflationary pressures, one player said.
The front month contract for Brent North Sea crude oil was last seen changing hands down USD 0.44 at USD 80.04/bbl on the ICE platform, while the WTI April contract on Nymex traded USD 0.48 lower at USD 81.61/bbl.
On Wednesday, the Brent contract gained USD 0.57 to close at USD 80.48/bbl, following trades in a USD 79.22-81.46/bbl range, while the WTI contract ended the day USD 0
Donnerstag, 11.03.2010, 08:28 Uhr
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