Oil prices are falling on Wednesday morning amid profit-taking and as a speech by US Federal Reserve head Ben Bernanke disappoints amid no clear indication of US stimulus measures in the near term.
The front month contract for Brent crude North Sea oil was last seen traded at USD 103.28/bbl, down USD 0.72 on Tuesday's close, on the Ice exchange.
On Nymex, the corresponding WTI contract was last seen at USD 88.65/bbl, a fall of USD 0.58 day on day.
"The market had been hoping for some more stimulus measures, so this [Bernanke's speech] is a bit
Mittwoch, 18.07.2012, 08:17 Uhr
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