Oil prices are rebounding from the previous session's losses on Monday morning amid diminishing eurozone debt worries and signs the US economy is recovering despite initially disappointing retail sales figures, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands up USD 0.83 at USD 75.18/bbl on the ICE platform.
On Friday, the Brent contract closed down USD 0.94 at USD 74.35/bbl, following trades in a USD 73.60-75.72/bbl range, while the WTI July contract on Nymex shed USD 1.70 to end the day at USD 73.78/bbl.
After US retail figures,
Montag, 14.06.2010, 08:18 Uhr
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