Oil prices are edging higher in early Thursday trading as the market focuses on the conclusion of meetings between the Opec producing nations and amid a smaller-than-expected decline in US inventory levels, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 97.50/bbl on the Ice platform, up USD 0.37 on Wednesday's close, while the WTI July contract on Nymex traded USD 0.26 higher at USD 82.88/bbl.
"Everyone is watching the conclusion of the Opec meetings [on Thursday], with Saudi Arabia under pressure to cut production [in order to support p
Donnerstag, 14.06.2012, 08:37 Uhr
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