Oil prices are weakening on Thursday as players take profit following gains in the previous session, stimulated by optimism about the European economy and an unexpected drop in US crude stocks, participants said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 102.36/bbl on the Ice platform, down USD 0.37 on Wednesday's close, while the WTI November contract on Nymex traded USD 0.17 lower at USD 79.51/bbl.
"In Asian trading [hours], there was hardly any bullish news to push prices higher, so some people are profit-taking, waiting for Europe to
Donnerstag, 6.10.2011, 08:17 Uhr
Redaktion
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