Oil is continuing to trade sideways on Friday on conflicting signals from poor economic and crude stock data, while a weaker US dollar provided support on Thursday and will be the key driver in the near term.
The front month contract for Brent crude North Sea oil contract was last seen at USD 115.45/bbl, down USD 0.09 on Thursday's close.
Meanwhile, the Nymex WTI front month crude oil contract last traded at USD 100.39/bbl, down USD 0.01 day on day.
"Oil is pretty much moving sideways simply because there are counterbalancing factors at work,” said oil a
Freitag, 3.06.2011, 08:23 Uhr
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