Oil prices are firming on Monday morning after shedding around USD 2 on Friday amid bearish US jobs data, rumours about a hedge fund's solvency and concerns about global demand, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands up USD 0.40 at USD 70.00/bbl on the ICE platform, while the WTI March contract on Nymex was trading USD 0.27 higher at USD 71.46/bbl.
On Friday, the Brent contract closed USD 2.54 lower at USD 69.59/bbl, following trades in a USD 67.87-72.52/bbl range, while the WTI front month shed US
Montag, 8.02.2010, 08:31 Uhr
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