Oil prices are firming on Tuesday morning as a result of the US debt impasse making dollar-denominated commodities more attractive to investors as the currency had weakened.
The front month contract for Brent crude North Sea oil was last seen USD 0.26 firmer at USD 118.20/bbl.
The equivalent WTI contract on Nymex, meanwhile, went through last USD 0.35 firmer at USD 99.35/bbl.
The softer dollar is having an impact together with expectations that the weekly crude inventory report will show that stocks fell last week, one Asian-Pacific player s
Dienstag, 26.07.2011, 08:26 Uhr
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