Brent crude continues to trade above USD 50/bbl on Wednesday morning as fundamentals are offering support to prices, analysts said.
In London, the front month Brent contract for North Sea crude oil was last seen traded at USD 50.44/bbl, down just 9 cents on the previous close. On Tuesday, prices climbed 92 cents day on day on the back of the conflict between Israel and Palestinian militants, cold weather and Opec cuts, analysts said.
"The oil market appears to be focusing on fundamentals as opposed to financi
Mittwoch, 7.01.2009, 08:11 Uhr
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