The price of oil fell further on Wednesday despite a surprising fall of 4.8 million barrels in US inventory data. However, increases in gasoline and diesel stocks eventually weighed heavier on the market, sending prices south towards the end of the session.
At Nymex, the front month contract fell over two dollars to settle at USD 122.30/barrel, almost 13 dollars below the all time high reached in late May. In London, Brent for July fell 2.48 to settle at USD 122.10/barrel. This morning it was last seen at USD 121.37/barrel.A strengthening dollar also affected oil prices yesterday, as the US currency reached a three week high against the eur
Donnerstag, 5.06.2008, 07:27 Uhr
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