Oil experienced an extended correction on Wednesday, dropping near a seven-week low. Coal also dropped sharply.
The Brent September contract on the ICE exchange touched a low of USD 124.61/bbl before settling at USD 125.29/bbl, down USD 4.26 from the previous close. Earlier in the day, it had traded as high as USD 129.50/bbl. Similarly, the front month WTI contract at Nymex closed down USD 3.98 at USD 124.44, dropping below the USD 125 level for the first time in six weeks.The exodus from oil was
Donnerstag, 24.07.2008, 08:00 Uhr
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