Oil prices are extending gains on Wednesday to trade at over three-month highs on news that Italian prime minister Silvio Berlusconi has offered to resign and as geopolitical tension continues to rise in Iran.
The front month Brent North Sea oil contract was last seen USD 0.56 firmer at USD 115.56/bbl while WTI on Nymex last traded USD 0.10 higher at USD 96.90/bbl.
News late on Tuesday that Berlusconi has offered to resign once an austerity law has been approved was greeted positively by the markets who hoped that a new leader may help resolve the eurozone
Mittwoch, 9.11.2011, 08:25 Uhr
Redaktion
© 2024 Energie & Management GmbH