Oil prices are softening on Wednesday morning on the expected return of a major US crude pipeline later in the week and a rise in API crude oil inventories, players said.
The front month contract for Brent North Sea crude oil was last changing hands down USD 0.16 at USD 79/bbl on the ICE platform, while the WTI October contract traded USD 0.52 lower at USD 76.28/bbl.
Reports that the 670,000 bbl/day Enbridge-operated US-Canada oil pipeline supplying crude to mid-western US refineries - which was shut down due to a leak on Friday - would resume op
Mittwoch, 15.09.2010, 08:12 Uhr
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