Oil prices are firming on Wednesday on the back of a report showing an unexpected 4.4m bbl decline in US crude oil stocks and a weaker dollar, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 79.42/bbl on the ICE platform, up USD 0.45 on Tuesday's close.
On Nymex, the WTI December contract was last seen at USD 79.50/bbl, up USD 0.36 on Tuesday's close.
There were a couple of supportive factors for oil at the moment with one being the slightly weaker dollar, s
Mittwoch, 18.11.2009, 08:03 Uhr
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