Brent crude oil is trading slightly lower on Friday morning after hitting its highest settlement in 2.5 years on Thursday amid the conflict in Libya and positive US economic data.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 117.21/bbl on the ICE platform, down USD 0.15 on Thursday's close.
Libya's conflict and positive economic data from the US boosted crude oil, which rose more than 2% on Thursday, said analysts at Singapore's Phillip Futures in a note.
On Thursday, the B
Freitag, 1.04.2011, 08:18 Uhr
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