Oil prices are edging lower on Tuesday after Brent "crashed through” its technical support on Monday, closing 2% below Friday's close, as investor optimism faded after the recent strong gains triggered by US stimulus announcements.
The front month Brent crude contract was last seen traded at USD 113.64/bbl, down USD 0.15 on Monday.
"Crude oil prices fell their most in a day since July, with London's benchmark Brent crude crashing through technical support to touch a five-week bottom below USD 112/bbl after closing down 2% officially at USD 113.79/bbl,” Phillip Futures analysts said in a note.
Dienstag, 18.09.2012, 08:17 Uhr
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