Oil prices are softening on Thursday amid light profit taking, following a brief surge in the previous session triggered by an unexpected drop in US crude stocks, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 118.40/bbl on the ICE platform, down USD 0.38 on Wednesday's close, while the WTI August contract on Nymex traded USD 0.26 lower at USD 97.79/bbl. US commercial crude oil inventories decreased by 3.1m bbl from the previous week to 355.5m bbl in the week ending 8 July, the US Energy Information Administr
Donnerstag, 14.07.2011, 09:15 Uhr
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