Oil prices are edging higher on Friday morning amid mixed data from China, while the situation in Libya shows no sign of coming to an end.
The front month Brent North Sea oil contract was last seen trading USD 0.18 firmer at USD 122.18/bbl while WTI on Nymex last went through USD 0.37 higher at USD 122.37/bbl.
China reported that its economy grew 9.7% in the first quarter, which is bullish for oil demand, but its consumer price index also rose 5.4% in March, a more bearish signal, analysts said.
Mean
Freitag, 15.04.2011, 08:20 Uhr
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