Oil prices are falling on Monday morning as continuing weak demand forecasts are expected to prevent any sustained move higher in the near term, said an analyst.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 45.25/bbl on the ICE platform, down USD 1.10 on Friday's close.
The Brent front month for April delivery settled at USD 46.35/bbl on Friday, down 16 cents on the previous close.
Continually weak forecasts for oil demand due to poor global economic growth would pers
Montag, 2.03.2009, 07:50 Uhr
Redaktion
© 2024 Energie & Management GmbH