Oil prices are softening on Monday morning ahead of a decision by EU foreign ministers on an Iranian oil embargo, with optimism, however, Opec can offset any disruption to supply, an analyst said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 109.74/bbl on the Ice platform, down USD 0.12 on Friday's close when it settled EUR 1.69 lower day on day at USD 109.86/bbl.
On Nymex, the WTI March contract was last seen at USD 97.80/bbl, down USD 0.53 on Friday's close.
Oil cartel Opec can probably hand
Montag, 23.01.2012, 09:01 Uhr
Redaktion
© 2024 Energie & Management GmbH