Oil prices are recovering from heavy losses on Thursday, when a bleak global economic outlook and an IEA decision to release 60m/bbl of oil to the market next month sent prices reeling.
The front month Brent crude oil contract was last seen at USD 108.35/bbl, up USD 1.09 on Thursday's close. WTI crude for August on Nymex last traded up USD 1.09 day on day at USD 92.11/bbl. In Thursday's session, Brent oil prices plummeted 6%, WTI around 5%, to four-month lows as a decision by the International Energy Agency (IEA) to release 60m/bbl of strategic oil reserves
Freitag, 24.06.2011, 08:44 Uhr
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