Oil prices have ticked up after the American Petroleum Institute unexpectedly reported that crude inventories had fallen over the past week, with the WTI-Brent spread expected to narrow further if official data confirms this on Wednesday.
WTI crude oil for June was last seen changing hands at USD 103.68/bbl, a rise of USD 0.13 on the previous close on Nymex.
The front month contract for Brent North Sea crude oil last traded at USD 118.26/bbl, up USD 0.10 day on day, on the Ice exchange.
"The drop in stocks is bullish for oil. Analysts were expecting a 2.8m bbl increase,” one Singapore-bas
Mittwoch, 25.04.2012, 08:14 Uhr
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