Oil prices are relatively stable on Tuesday morning, but are set for further falls in the coming days due to "overwhelmingly weak fundamentals”, analysts said.
The WTI September contract, which expires on Wednesday, last traded up USD 0.237 at USD 66.98/bbl on Nymex, while the October contract was seen USD 0.04 higher at USD 68.85/bbl. On the ICE platform, the front month contract for Brent North Sea crude oil was last seen trading down USD 0.05 at USD 70.49/bbl.
On Monday, the WTI front month shed USD 0.76 to close at USD 66.
Dienstag, 18.08.2009, 08:24 Uhr
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