Oil prices are softer on Wednesday morning after soaring late on Tuesday on the back of stronger US equities, said analysts.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 42.00/bbl on the ICE platform, down 50 cents on Tuesday's close.
On Tuesday, the same contract rose USD 1.51 day on day to settle at USD 42.50/bbl.
A positive outlook on the US economic front from Federal Reserve chairman Ben Bernanke gave impetus to a late-day equ
Mittwoch, 25.02.2009, 08:05 Uhr
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