Oil prices are weakening on Monday amid some profit-taking following the previous week's rally and as concerns grow that a high oil price will impact global economic growth.
The front month Brent crude oil contract last traded at USD 124.63/bbl, down USD 0.84 on Friday's close, at the Ice exchange.
At Nymex, the April WTI contract last went through at 109.30/bbl, down USD 0.47 on the prior settlement.
Monday's move lower is a combination of some profit-taking after last week's rally, weaker Asian equities markets
Montag, 27.02.2012, 08:42 Uhr
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