Brent crude oil is trading a touch higher on Tuesday morning but it is merely a "dead cat bounce”, with prices bound to weaken further on economic problems in the US and eurozone, said one analyst.
The front month contract for Brent North Sea crude oil last traded at USD 107.21/bbl on the Ice platform, up USD 0.33 on Monday's close.
The WTI January contract on Nymex was last seen USD 0.05 higher day on day at USD 96.97/bbl.
With no news to move the market higher in Australia or the Asia Pacific th
Dienstag, 22.11.2011, 08:12 Uhr
Redaktion
© 2024 Energie & Management GmbH