Oil prices are trading range-bound on Tuesday morning, but there is more short-term downside potential as an expected economic recovery in OECD nations is still in doubt, a player said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 70.29/bbl on the ICE platform, up USD 0.18 on Monday's close.
On Monday, the front month Brent contract gained USD 0.52 to close at USD 70.11/bbl, while the Nymex WTI March contract rose USD 0.70 to USD 71.89/bbl.
The crude oil market was still weak as inventories remained to
Dienstag, 9.02.2010, 08:55 Uhr
Redaktion
© 2024 Energie & Management GmbH