Oil prices are edging lower on Monday as traders booked profits amid a move by China to restrict lending, casting doubt on demand prospects from the world's biggest energy consumer, said players.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 98.33/bbl on the ICE platform, down USD 0.05 on Friday's close.
On Friday, expiring ICE Brent crude for February closed at USD 98.68/bbl, up USD 0.62, after reaching USD 99.20/bbl intraday, the highest front month price since Brent hit USD 100.31/bbl intraday on 1 October, 2008. The week&
Montag, 17.01.2011, 08:21 Uhr
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