Oil prices are firming on Tuesday morning following a USD 3 fall in the previous session amid reports China will tighten its lending policies to prevent the economy from rebounding too fast, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands up USD 0.46 at USD 70.11/bbl on the ICE platform. On Monday, the contract shed USD 3.14 to close at USD 69.65/bbl, following trades in a USD 68.85-72.95/bbl spread.
In New York, the WTI October contract last traded up USD 0.41 at USD 70.37/bbl after having ended the previous session USD 2.78 lower a
Dienstag, 1.09.2009, 08:19 Uhr
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