Oil prices are firming on Friday morning following the release of better than expected Chinese industrial production figures, but weak US demand coupled with a stronger dollar and market participants closing positions will limit the upside, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands up USD 0.29 at USD 72.15/bbl on the ICE platform, while the WTI January contract on Nymex traded USD 0.34 higher at USD 70.88/bbl.
On Thursday, the Brent contract shed USD 0.53 day on day to close the session at USD 71.86/bbl, while the WTI contract closed down USD 0.13 at USD 70.54/bbl. Earlier in
Freitag, 11.12.2009, 08:10 Uhr
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