Oil prices are firming on Monday morning as some players view the market as "oversold” after falling amid poor US employment and manufacturing data in the previous session, one analyst said.
The front month contract for Brent North Sea crude oil was last seen changing hands up USD 0.53 at USD 72.18/bbl on the ICE platform.
On Friday, the Brent contract closed down USD 0.69 at USD 71.65/bbl, following trades in a USD 71.21-72.83/bbl range, while the WTI August contract on Nymex finished USD 0.81 lower at USD 72.14/bbl.
"Prices are holding above U
Montag, 5.07.2010, 08:06 Uhr
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