Oil prices are softening on Tuesday amid a bearish global economic picture.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 110.69/bbl on the ICE platform, down USD 0.15 on Monday's close, while the WTI June contract on Nymex traded USD 0.18 lower at USD 97.19/bbl.
"It's a combination of a few things,” said one Sydney-based oil broker, citing European debt concerns and an uncertain US economic outlo
Dienstag, 17.05.2011, 08:22 Uhr
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