Oil prices are trading sideways on Wednesday morning after dollar strength and profit-taking triggered a more than USD 2 fall in the previous session before the release of bearish inventory figures, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands up USD 0.10 at USD 71.92/bbl on the ICE platform. In New York, the WTI October contract last traded USD 0.22 above the previous close at USD 72.27/bbl.
On Tuesday, the Brent contract lost USD 2.44 to close at USD 71.82/bbl following trades in a USD 71.04-74.23/bbl spread. The WTI contract shed USD 2.
Mittwoch, 26.08.2009, 08:35 Uhr
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