The Brent front month contract is ticking lower on Wednesday morning in a market "running out of steam” after hitting a fresh 32-month high in the previous session.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 121.94/bbl on the ICE platform, down USD 0.28 on the close on Tuesday, when the contract hit an intra-day high of USD 122.89/bbl, a price not seen since 1 August 2008.
On Nymex, the WTI May contract last traded USD 0.14 lower at USD 108.20/bbl.
Oil is pulling back on Wed
Mittwoch, 6.04.2011, 08:19 Uhr
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