Oil prices are softening on Thursday on the back of increased US crude inventories, profit taking and slackening Chinese demand ahead of the country's New Year holidays, said players.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 97.83/bbl on the ICE platform, down USD 0.33 on Wednesday's close, while the WTI February contract on Nymex traded USD 0.06 lower at USD 90.80/bbl.
The American Petroleum Institute (API) on Wednesday reported an unexpected 3.53m bbl build in crude stocks in the week ending 14 January, ind
Donnerstag, 20.01.2011, 08:17 Uhr
Redaktion
© 2024 Energie & Management GmbH