Oil prices are softening on Monday morning after a key Chinese manufacturing index fell for the first time in nine months, while activity is expected to be thin amid the US Labour Day holiday.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 114.37/bbl on the Ice platform, down USD 0.20 on Thursday's close.
On Nymex, the WTI front month contract last traded USD 0.23 lower at USD 96.25/bbl.
"The Chinese data has set a bearish tone, but the market is quite optimistic that further easing is on the cards
Montag, 3.09.2012, 08:38 Uhr
Redaktion
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