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[size=37]Oil prices stabilized near its lowest level in two months[/size]
BAGHDAD - The Journal News
Stabilized crude oil prices, on Tuesday, near the lowest level in two months at a time in which the Financial traders lost faith in the rise in oil prices recently turning their positions in anticipation of a decline in prices.
The price of contracts for Brent crude to $ 46.13 a barrel, down 12 cents from the previous close and near the lowest level reached two months ago and hit the previous day of $ 45.90.
The price of West Texas Intermediate crude 13 cents to $ 44.63 a barrel.
Analysts said that prices have fallen because of the millions of customers have changed their positions betting on oil prices to the centers benefit from the price fall.
And reduced hedge fund managers and others Financial bets on rising prices of crude oil by 22 million barrels in the seven days that ended in the fifth of six Tamoz.anthy
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