Oil prices are softening in early Thursday trading amid profit taking, following a significant rise in the previous session, triggered in part by a large decline in US oil stocks, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 99.95/bbl on the Ice platform, down USD 0.28 on Wednesday's close, while the WTI August contract on Nymex traded USD 0.25 lower at USD 85.56/bbl.
"There was a larger-than-expected decline in crude stocks, which is keeping prices supported,” analyst Ker Chung Yang at Phillips Futures
Donnerstag, 12.07.2012, 08:19 Uhr
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