Oil prices are falling on Thursday with the recession overshadowing an unexpected drop in US inventory levels on Wednesday, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 45.75/bbl on the ICE platform, down USD 0.37 on Wednesday's close.
The crude inventories dropped by 700,000/bbl for week ended on 27 February, the US energy information administration (EIA) said on Wednesday.
In the present economic climate, more positive news
Donnerstag, 5.03.2009, 08:06 Uhr
Redaktion
© 2024 Energie & Management GmbH