Oil prices are softening on Thursday on the back of profit-taking, following a rally in the previous session driven by a sharp drop in US oil stocks, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 106.30/bbl on the ICE platform, down USD 0.38 on Wednesday's close, while the WTI September contract on Nymex traded USD 0.25 lower at USD 82.64/bbl.
"Crude oil surged [on Wednesday] boosted by positive inventory data that alleviated the gloom from falling equity markets,” said Phil
Donnerstag, 11.08.2011, 08:49 Uhr
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