Oil prices are retreating Friday morning following a strong Thursday, when the US senate turned down a USD 14bn rescue package for the automobile industry.
The Brent crude January contract had shed USD 1.88 at the time of writing, changing hands at USD 45.51/bbl. In New York, the WTI crude front month contract was last seen at USD 45.88/bbl, down USD 2.10 on the previous close.
"I dread looking at Wall Street tomorrow," Harry Reid, leader of the Democratic majority in the Senate commented the rejected rescue package on Thursday night,
Freitag, 12.12.2008, 08:31 Uhr
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