Oil prices are trading a tick above Monday's close on Tuesday morning but upside potential will be capped by ongoing eurozone debt concerns and a potential second strategic oil reserve release from the IEA.
The front month contract for Brent crude North Sea oil was last seen at USD 116.20/bbl, up USD 0.15 on Monday's close. On Nymex, the August WTI crude contract, which expires on Wednesday, was last seen at USD 95.99/bbl, up USD 0.06 day on day. "I think we are seeing a slight 'relief' rally [this morning], but the upside is capped,” said a Singapore-based commodity analyst
Dienstag, 19.07.2011, 09:11 Uhr
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