Oil prices are drifting upwards in early Thursday trading ahead of a key announcement by the European Central Bank (ECB) president later in the session that is expected to offer some clearer direction to the market, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 113.48/bbl on the Ice platform, up USD 0.39 on Wednesday's close, while the WTI October contract on Nymex traded USD 0.49 higher at USD 95.85/bbl.
Following a leak on Wednesday, ECB president Mario Draghi is expected to announce plans at a meeting on Thursday allowing the ECB to buy unlim
Donnerstag, 6.09.2012, 08:10 Uhr
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