Oil prices are firming on Monday morning as the agreement by EU ministers on an EUR 85bn bailout for indebted Ireland is viewed as "temporary relief” as the euro will continue to come under pressure, one player said.
The front month contract for Brent North Sea crude oil was last seen changing hands up USD 0.50 at USD 86.08/bbl on the ICE platform, while the WTI January contract had gained USD 0.54 to a last trade of USD 84.30/bbl.
The EUR 85bn deal agreed on Sunday - which according to the BBC would see EUR 35bn go towards propping up the Irish banking system, while the remaining EUR 50bn w
Montag, 29.11.2010, 08:22 Uhr
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