Oil prices are falling on Wednesday on the back of renewed concerns about falling demand after more bad economic news was reported in the US, players said.
In London, the front month contract for Brent North Sea crude oil which expires later was last seen changing hands at USD 51.65/bbl, down USD 0.31 on Tuesday's close.
The contract has traded in a USD 51.65-52.04/bbl spread so far.
The US Commerce Department on Tuesday reported a drop in retail sales of 1.1% in March, largely driven by a substantial decrease in car sal
Mittwoch, 15.04.2009, 08:22 Uhr
Redaktion
© 2024 Energie & Management GmbH