Oil prices are falling on Wednesday morning after the American Petroleum Institute reported a rise in crude stocks last night against analyst expectations for stocks to fall while fears persist that the eurozone crisis is worsening.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 102.97/bbl on the Ice platform, down USD 0.45 on Tuesday's close, while the WTI September contract last traded USD 0.38 lower at USD 88.13/bbl.
"There is a little bit of surprise as people were betting on stocks falling, but we will see what the official data shows later on,” on
Mittwoch, 25.07.2012, 08:22 Uhr
Redaktion
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