Oil prices are trading marginally lower on Tuesday morning following a fourth consecutive day of gains, but Brent should continue to see further upside to USD 105 in the near term, said one analyst.
The front month contract for Brent crude North Sea oil was last seen traded at USD 103.10/bbl, down USD 0.27 on Monday's close, on the Ice exchange.
"I think we're seeing an ongoing recovery from the lows seen in June,” Ric Spooner, chief analyst at CMC Market in Sydney, told Montel, adding statements from China suggesting further economic stimulus and a drop in
Dienstag, 17.07.2012, 08:11 Uhr
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