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Commentary

Commodities - Oil flat after rally but supply fears remain

Oil prices are softening on Wednesday after Tuesday's sharp 4% gains, which were fuelled by supply fears and increasing risk appetite on the back of better than anticipated economic data, which look set to continue underpinning prices.
The front month contract for Brent crude North Sea oil was last seen USD 0.20 softer at USD 111.93/bbl, while WTI last traded down USD 0.37 at USD 102.57/bbl. "Some profit-taking is inevitable given the previous session's gains,” one trader said. However, continued threats to oil supply amid increasing tension between the West and Iran are likely to provide further support to prices in
Mittwoch, 4.01.2012, 08:44 Uhr
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© 2024 Energie & Management GmbH
Energie & Management > Commentary - Commodities - Oil flat after rally but supply fears remain
zurück
Commentary
Commodities - Oil flat after rally but supply fears remain
Oil prices are softening on Wednesday after Tuesday's sharp 4% gains, which were fuelled by supply fears and increasing risk appetite on the back of better than anticipated economic data, which look set to continue underpinning prices.
The front month contract for Brent crude North Sea oil was last seen USD 0.20 softer at USD 111.93/bbl, while WTI last traded down USD 0.37 at USD 102.57/bbl. "Some profit-taking is inevitable given the previous session's gains,” one trader said. However, continued threats to oil supply amid increasing tension between the West and Iran are likely to provide further support to prices in
Mittwoch, 4.01.2012, 08:44 Uhr
Redaktion
© 2024 Energie & Management GmbH

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