Oil prices are trading sideways on Wednesday following a large increase in stocks reported by the American Petroleum Institute, with traders awaiting official inventory figures and the outcome of the Federal Reserve meeting for further direction.
The front month Brent North Sea oil contract was last seen USD 0.03 firmer at USD 110.57/bbl, up from an early low of USD 110.08/bbl.
The equivalent WTI on Nymex contract went through last USD 0.25 softer at USD 86.68/bbl.
The American Petroleum Institute reported a 2.57 m bbl week-on-week increase in crude
Mittwoch, 21.09.2011, 08:24 Uhr
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