Oil prices remain supported by a sharp 11m bbl drop in US crude stocks, to almost three-year lows, but thin trading and ongoing economic concerns are limiting gains, players said on Thursday.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 107.55/bbl on the Ice platform, down USD 0.16 on Wednesday's close, due to some profit taking, while the WTI February contract on Nymex traded USD 0.12 higher at USD 98.79/bbl.
"Because of the decreasing inventories, the market is very well supported from a fundamental point of view,̶
Donnerstag, 22.12.2011, 08:22 Uhr
Redaktion
© 2024 Energie & Management GmbH