Crude oil retreated by more than USD 1 a barrel on Tuesday as diplomatic pressure appeared to slightly ease the situation in the Middle-East. Elsewhere, CO2 prices fell in a day of increased liquidity.
The ICE September Brent contract fell USD 1.33 to USD 73.28 a barrel, where it is trading this morning. The oil market remains highly sensitive to any news relating to the conflict between Israel and Hizbollah. Lord Browne, chief executive of BP, was reported in the FT as saying that the market’s high degree of anxiety about the Middle East was reflected in the level of oil prices
Mittwoch, 26.07.2006, 08:14 Uhr
Redaktion
© 2024 Energie & Management GmbH