Oil prices are slightly weaker on Wednesday morning as production and demand fundamentals pointed in a downward direction, said players.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 70.20/bbl on the ICE platform, down USD 0.33 on Tuesday's close.
On Nymex, the WTI November contract last traded at USD 71.50/bbl, down USD 0.26 on the previous day's close.
"We've been stuck in a USD 5-6 range for a while now, but fundamentals suggest a breakout on
Mittwoch, 23.09.2009, 08:18 Uhr
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