Oil prices are softening on Wednesday morning despite the release of positive Chinese macroeconomic data regarding demand as the US dollar recovered slightly and the API inventory figures showed a rise in stocks for all products, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 77.33/bbl on the ICE platform, down USD 0.17 on the previous close.
On Nymex, the WTI December contract last traded USD 0.22 lower at USD 78.83/bbl.
On Tuesday, the Brent contract closed down USD 0.27 at USD 77.50/bbl, following trades in a USD 76.36-78.92/bbl range, while the WT
Mittwoch, 11.11.2009, 08:20 Uhr
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