Oil prices are edging higher on Wednesday in the wake of two days of losses after the Bank of Japan said it will boost economic stimulus, a positive sign for demand although global economic concerns remain.
The front month contract for Brent North Sea crude oil was last seen traded at USD 112.55/bbl, up USD 0.52 on Tuesday's close.
The equivalent WTI contract on Nymex, meanwhile, went through last USD 0.60 higher day on day at USD 95.90/bbl.
"The [Japanese] stimulus action is price-supportive, but upside seems limited,” one Asia-based trader said, citi
Mittwoch, 19.09.2012, 08:28 Uhr
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