Oil prices are softening on Thursday amid profit taking, although the fundamentals remain bullish, said players.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 114.17/bbl on the ICE platform, down USD 2.18 on Wednesday's close, while the WTI April contract on Nymex traded USD 0.49 lower at USD 101.74/bbl.
Despite the drop in prices, concerns about the unrest in Libya - which observers say is on the brink of civil war - spreading to other oil-pro
Donnerstag, 3.03.2011, 08:25 Uhr
Redaktion
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