Oil prices are edging marginally lower on Wednesday morning after rising in the previous session on the back of an expected decline in US crude inventories in data out on Thursday, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands USD 0.11 softer at USD 94.27/bbl on the ICE platform. On Tuesday, the Brent February contract settled USD 0.53 higher at USD 94.38/bbl, while in New York the WTI front month contract closed USD 0.49 stronger at USD 91.49/bbl.
Tuesday's rise could be attributed to expectations that weekly US data
Mittwoch, 29.12.2010, 08:58 Uhr
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