Oil prices are consolidating on Monday morning after Friday's losses on poorer than expected macroeconomic data and as the market priced in increased output from Saudi Arabia, according to one analyst.
The front month contract for Brent crude North Sea oil was last seen traded at USD 111.86/bbl, up USD 0.09 on Friday's close.
Nymex WTI crude oil for August was last seen at USD 95.20/bbl, an increase of USD 0.29 day on day.
On Friday, Brent closed down USD 0.71 day on day, while WTI lost USD
Montag, 4.07.2011, 08:49 Uhr
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