Oil prices are edging lower on Wednesday morning as preliminary data has shown an unexpected rise in US crude inventories, while hurricane Isaac is not expected to wreak havoc in the oil-producing Gulf of Mexico region.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 112.42/bbl on the Ice platform, down USD 0.16 on Tuesday's close, while, on Nymex, the WTI October contract last traded USD 0.40 lower at USD 95.93/bbl.
"Prices are coming off because of the unexpected rise in stocks,” one Asian trader said.
Late on Tuesday, t
Mittwoch, 29.08.2012, 08:33 Uhr
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