Crude prices are softening on Tuesday morning on the back of a strengthening US dollar and weaker Asian equities, with oil unlikely to stay above USD 80 as US unemployment remains high, said an analyst.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 80.41/bbl on the ICE platform, down USD 0.58 on Monday's close.
Crude oil had pulled back on Tuesday morning in line with weaker Asian equity markets and a stronger US dollar, said Victor Shum, a Singapore-based oil analyst at Purvin & Gertz.
Players would be paying
Dienstag, 10.08.2010, 08:17 Uhr
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