Brent crude oil prices rose above USD 80/bbl again on Monday morning amid a weaker dollar and expectations OECD demand will pick up after US non-farm payroll employment fell less than expected last month, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands up USD 0.54 at USD 80.43/bbl on the ICE platform, while the WTI April contract on Nymex traded USD 0.44 higher at USD 81.94/bbl.
On Friday, the Brent contract closed up USD 1.35 at USD 79.89/bbl, following trades in a USD 78.80-80.53/bbl range, while the WTI contract gained USD 1.29 to close at U
Montag, 8.03.2010, 08:13 Uhr
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