Oil prices have slumped to their lowest levels since December 2010 on Thursday as the US Federal Reserve decided against another round of quantitative easing and US crude stocks expectedly rose.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 92.31/bbl on the Ice platform, down USD 0.38 on Wednesday's close, while the WTI July contract on Nymex traded USD 1.05 lower at USD 80.40/bbl.
"The big hammer was the Fed's decision [to extend Operation Twist],” Avtar Sandu, analyst with Phillip Futures in Singapore, told Mont
Donnerstag, 21.06.2012, 08:17 Uhr
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