Crude oil markets are "taking a breather” after positive economic data triggered optimism about an economic recovery on Monday but current prices may be unsustainable on weak fundamentals, said an analyst on Tuesday.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 73.15/bbl on the ICE platform, down USD 0.40 on Monday's close. Brent gained USD 1.85 on Monday to settle at USD 73.55/bbl.
In New York, the front month contract for light sweet crude oil last seen trading down USD 0.68 at USD 70.90/bbl.
"It is not surprising that after the st
Dienstag, 4.08.2009, 08:34 Uhr
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