Oil is trading flat above USD 75/bbl on Tuesday, with contracts continuing to find support from signs of economic growth in Europe and expectations of increasing oil consumption in the US, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands up USD 0.05 at USD 75.25/bbl on the ICE platform. The July contract expires later on Tuesday.
On Monday, the Brent contract closed down USD 0.85 at USD 75.20/bbl, while the WTI July contract on Nymex gained USD 1.34 to end the day at USD 75.12/bbl.
Wong Eng Soon, a Singapore-ba
Dienstag, 15.06.2010, 09:11 Uhr
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