Oil prices are softening in early Thursday trading on the back of profit taking, following gains in the previous session triggered by stronger equities markets and an unexpected draw in US crude stocks, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 123.73/bbl on the Ice platform, down USD 0.47 on Wednesday's close, while the WTI May contract traded USD 0.78 lower at USD 106.49/bbl.
"Prices are dropping [in the current session] because of profit-taking,” Benson Wang, oil trader with Sydney-based Boston Merchant, told Mont
Donnerstag, 22.03.2012, 08:37 Uhr
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