Oil prices are softening on Thursday, amid widespread profit-taking, after rising steadily by close to 12% since early October, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 111.11/bbl on the Ice platform, down USD 0.25 on Wednesday's close, while the WTI November contract on Nymex traded USD 0.72 lower at USD 84.85/bbl.
"It's difficult for oil to find a direction, but I think [Thursday morning's] decline is due to profit-taking,” a Sydney-bas
Donnerstag, 13.10.2011, 08:27 Uhr
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