Oil is strengthening a little on Wednesday morning on the back of positive US gasoline stock data, but the market continues to be guided by the movement of the US dollar.
The July Brent crude oil contract was last seen at USD 110.58/bbl, up USD 0.59 day on day. In New York, the WTI front month contract last traded at USD 97.70/bbl, a USD 0.79 premium on Tuesday's close. Oil has edged up a little during morning trading in Asia, said analyst Victor Shum at Singapore's Purvin & Gertz. "What has injected some bullishness into the market i
Mittwoch, 18.05.2011, 08:30 Uhr
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