The "aggressive selling” in crude oil and equities has "paused" with Brent trading up USD 2 on Wednesday morning after the US federal reserve promised to keep interest rates near zero until mid-2013, analysts said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 104.80/bbl on the ICE platform, up USD 2.23 on Tuesday's close.
On Nymex, the WTI September contract was last seen at USD 81.40/bbl, up USD 2.10 on the previous close.
Crude oil futures are up in parallel with equities as these have been reacti
Mittwoch, 10.08.2011, 09:25 Uhr
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