Oil prices are trading range-bound on Tuesday as the market continues to take stock of a series of bearish economic indicators over the past week that could signal falling global crude demand, said traders.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 71.42/bbl on the ICE platform, down USD 0.05 on Monday's close.
The Brent contract closed at USD 71.47/bbl on Monday, USD 0.18 lower than Friday's close.
With US markets closed on Monday for the Independence Day holiday, the WTI August contract on Nymex in
Dienstag, 6.07.2010, 08:32 Uhr
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