Oil prices are trading sideways on Thursday morning, following close to USD 2 losses incurred in the previous session on a bearish US crude inventories report and receding fears over Iranian threats to blockade the Strait of Hormuz.
The front month contract for Brent crude North Sea oil last traded at USD 107.69/bbl, up USD 0.13 on Wednesday's close, when the contract fell USD 1.71 day on day. On Nymex, the front month WTI crude contract last changed hands at USD 99.56/bbl, up USD 0.20 day on day, after shedding USD 1.98 the previous session. "Prices were weak yesterday due in large part to a stronger dollar and weaker e
Donnerstag, 29.12.2011, 08:42 Uhr
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