Oil is falling on Monday morning, as the weak economic outlook takes centre stage and prices may decline further into next month on the back of the crises in the US and eurozone, players said.
The November contract for Brent crude North Sea oil was last seen traded at USD 111.36/bbl, down USD 0.86 on Friday's close on the Ice exchange.
WTI crude for October - still the front month - was last seen at USD 86.63/bbl, a drop of USD 1.33 on the previous close at Nymex.
"At the moment the US dollar is looking quite strong, and people are focusing mor
Montag, 19.09.2011, 08:22 Uhr
Redaktion
© 2024 Energie & Management GmbH