Brent oil prices could be heading back above USD 110/bbl in the near term given strong oil market fundamentals, one analyst said on Tuesday, as the benchmark contract rose in early European trade.
The front month Brent crude oil contract last traded at USD 109.02/bbl, up USD 0.21 on Monday's close on the Ice exchange, when the contract rose USD 1.67.
At Nymex, the June WTI contract was last seen USD 0.17 higher day on day at USD 92.74/bbl, following a gain of USD 1.09 in the previous session.
"Prices have bounced back a little from the heavy sell-o
Dienstag, 22.05.2012, 08:19 Uhr
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