Oil prices are edging higher as fresh tensions between Iran and Israel add to concerns about unrest in the Middle East affecting supply but a rise in US crude stocks is limiting market gains, players said on Thursday.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 103.95/bbl on the ICE platform, up USD 0.17 on Wednesday's close, while the WTI March contract on Nymex traded USD 0.07 higher at USD 85.06/bbl.
Iran had sent two warships via the Suez Canal into the Mediterranean, to Syria, in an act labelled as "provocative” by Israel, according t
Donnerstag, 17.02.2011, 08:21 Uhr
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