Oil prices are softening on Wednesday morning as US inventory figures released late on Tuesday showed an large unexpected rise in crude stocks, while news Washington is considering imposing limits on futures trading positions "scared players”, analysts said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 69.47/bbl on the ICE platform, down USD 0.41 on the previous close. In New York, the WTI September contract last traded at USD 66.60/bbl, a decrease of USD 0.63.
On Tuesday, the Brent contract ended the day USD 0.93 lower at USD 69.88/bbl after having traded in a USD 69.07-71.36/bbl range, whi
Mittwoch, 29.07.2009, 08:25 Uhr
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