Oil prices are extending the previous session's losses on Tuesday amid easing concerns about the situation in oil-rich Libya and a stronger US dollar, said players.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 114.42/bbl on the ICE platform, down USD 0.38 on Monday's close, while the WTI May contract on Nymex traded USD 0.26 lower at USD 103.72/bbl.
The softening prices reflected market optimism about Libya, as rebels make gains against forces loyal to Muammar Gaddafi, Phillips Futures analysts
Dienstag, 29.03.2011, 08:30 Uhr
Redaktion
© 2024 Energie & Management GmbH