Oil prices are rising somewhat in early Thursday trading amid expectations the Chinese government may step in sooner to support the country's slowing economic growth, although eurozone woes continue to dominate, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 105.96/bbl on the Ice platform, up USD 0.40 on Wednesday's close, while the WTI July contract on Nymex traded USD 0.42 higher at USD 90.32/bbl.
"The Greece and euro situation is still dominating,” analyst Ker Chung Yang of Phillip Futures in Singapore told Montel, noting, however, t
Donnerstag, 24.05.2012, 08:21 Uhr
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