Oil prices are softening on Tuesday after a near USD 2 rise in the previous session, with price volatility likely to prevail until a clearer picture about the economic situation in the US and eurozone emerges.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 109.25/bbl on the ICE platform, down USD 0.66 on Monday's close.
"Until we get consistent feeling about that US and eurozone problems are over, there will be constant up and down movements,” said Tony Nunan of Tokyo's Mitsubishi Corp.
"The macroeconomic pictu
Dienstag, 16.08.2011, 08:24 Uhr
Redaktion
© 2024 Energie & Management GmbH