Oil prices are trading flat on Thursday morning after plummeting in the previous session on fears that the eurozone crisis will dampen demand and a larger than expected rise in US crude stocks, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands up USD 0.09 at USD 82.70/bbl on the ICE platform, while the WTI June contract on Nymex traded USD 0.15 higher at USD 80.12/bbl.
On Wednesday, the Brent contract shed USD 3.06 to close at USD 82.61/bbl, following trades in a USD 82.13-85.95/bbl range, while the WTI front month ended the day USD 2.
Donnerstag, 6.05.2010, 07:56 Uhr
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