Oil prices are firming on Friday morning and while one analyst expects economic optimism to outstrip poor fundamentals, others warn prices could fall back as "bulls had to push past the inventory overhang”.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 73.72/bbl on the ICE platform, up USD 0.24 on the previous close. In New York, the WTI September contract traded up USD 0.25 at USD 70.77/bbl.
On Thursday, the Brent contract closed USD 0.59 higher at USD 73.48/bbl following trades in a USD 72.96-74.72/MWh range, while the WTI contract ended t
Freitag, 14.08.2009, 08:15 Uhr
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