Oil prices are continuing up this morning, with the new front-month Brent contract trading close to the USD 69/barrel mark. Carbon continues to trade sideways around EUR 15/tonne.
Renewed optimism over US economic growth and energy demand along with a toned down inflation warning from the US Federal Reserve were mentioned as reasons for the increase in oil prices, according to Reuters.IPE Brent for July delivery gained 45 cents to USD 67.43/barrel yesterday, on the last day of this contracts life-span. The new front month contract, August, settled at 68.45 (-0.04)
Freitag, 16.06.2006, 08:42 Uhr
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