Oil prices look softer on Friday morning after a lack of fundamental supply-demand support failed to sustain the recent rally in prices, one trader said.
The Brent front month contract was last seen traded at USD 52.92/bbl on the ICE platform, down USD 0.54 on Thurday`s close.
"There is a huge amount of money waiting to be invested into oil. But the market is still nervous, with fast profit taking among traders” a continental trader said.
On Thursday, the Brent front month touched a low at USD 52.30
Freitag, 27.03.2009, 08:18 Uhr
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