Oil prices are softening on Tuesday morning amid a slightly stronger dollar as players await direction from US Federal Reserve chairman Ben Bernanke's bi-annual report on monetary policy and the state of the US economy later in the day, one analyst said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 66.02/bbl on the ICE platform, down USD 0.41 on Monday's close. In New York, the WTI September contract traded down USD 0.42 at USD 64.87/bbl.
On Monday, the Brent September contract ended the day up USD 1.06 at USD 66.44/bbl following trades in a USD 65.03-66.76/bbl range, while the WTI
Dienstag, 21.07.2009, 08:26 Uhr
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