Oil prices fell strongly for a second day on Monday on concerns that the recent plunge in world stockmarkets is threatening demand.
The front month contract at Nymex dropped 1.57 to settle at USD 60.07, having traded down at 59.55 earlier in the day. In London, the front month Brent contract shed 1.54 to 60.54.While market players attributed the fall to the developments in world stockmarkets, players did not see any strong fundamental reasons for the movements. “Fundamentally, demand and supply conditions still
Dienstag, 6.03.2007, 08:10 Uhr
Redaktion
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