Oil prices are falling on Wednesday morning after US crude stocks were reported to have risen over the past week, while the country is mulling releasing strategic oil reserves, which is adding to the bearish sentiment, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 124.98/bbl on the Ice platform, down USD 0.56 on Tuesday's close.
On Nymex, the WTI May contract last traded USD 0.58 lower at USD 106.75/bbl.
Crude prices are falling as investors bet rising US stockpiles signal faltering fuel demand in the world's biggest cr
Mittwoch, 28.03.2012, 08:22 Uhr
© 2024 Energie & Management GmbH