WTI on Nymex is easing off Tuesday's five-week highs following a further rise in crude stocks, but is holding onto much of the previous session's gains which were sparked by unexpectedly strong US manufacturing data.
The front month contract for WTI on Nymex last traded USD 0.33 below Tuesday's close at USD 105.83/bbl while its counterpart Brent crude North Sea oil contract was last seen USD 0.20 softer day on day at USD 119.46/bbl.
WTI is off "a touch” from Tuesday's five-week highs after the American Petroleum Institute (API) reported that crude stocks had risen, one S
Mittwoch, 2.05.2012, 08:14 Uhr
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