Oil prices are extending prior-session gains on Wednesday morning following a raft of positive economic data and a weaker dollar, boosting hopes of a global economic recovery hopes.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 111.93/bbl on the Ice platform, up USD 0.40 day on day.
On Nymex, the WTI February contract last traded USD 0.55 higher at USD 101.25/bbl.
"We have seen a lot of positive data from Germany, the US and China,” one oil trader said, adding that this was boosting playe
Mittwoch, 18.01.2012, 08:29 Uhr
Redaktion
© 2024 Energie & Management GmbH