Crude will follow movements in equities this week, with holidays in Asia and Europe subduing activity, and there will be largely downward pressure on concerns over economic growth in Europe and the US, one analyst said on Monday.
The front month contract for Brent crude North Sea oil was last seen traded at USD 119.68/t, down USD 0.15 on Friday's close on the Ice exchange.
On Nymex, the WTI front month contract was last seen at USD 104.91/bbl, down USD 0.02 on the previous settlement.
"Oil futures have edged down a little, but really they are relatively flat,” analyst Victor
Montag, 30.04.2012, 08:15 Uhr
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