Oil prices are rising on the back of robust US demand and fear that Opec may decide further production cuts in December.
Brent for January is trading at EUR 60.52/barrel this morning, slightly down from yesterday´s closing price of 60.61*. Yesterday the contract gained 52 cents as US inventory data showed much larger than expected falls in distillate and gasoline stocks, underlining robust demand in the country, Financial Times reports. Another bullish factor was the monthly report from October, which indicated f
Donnerstag, 16.11.2006, 08:10 Uhr
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