Oil prices are falling on Tuesday morning as rumours that Libyan leader Muammar Gaddafi is trying to negotiate exit from power have triggered profit-taking, analysts said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 113.44/bbl on the ICE platform, down USD 1.60 on Monday's close.
"Crude oil prices have edged down reacting to rumours that Libyan leader Muammar Gaddafi might be seeking an exit, and this has prompted some profit-taking,” said analyst Victor Shum of Purvin & Gertz
Dienstag, 8.03.2011, 08:12 Uhr
Redaktion
© 2024 Energie & Management GmbH