Oil prices are firming on Friday morning in line with a sharper-than-expected decline in US crude inventories, market participants said.
The front month Brent contract for North Sea oil was last seen traded at USD 75.02/bbl - USD 0.31 firmer day on day.
The contract ended the previous session USD 1.20 firmer at USD 74.71/bbl. In New York, the WTI contract closed at USD 75.44/bl, up USD 1.37 day on day.
Participants attributed the gains to Thursday's report from the US department of energy which
Freitag, 9.07.2010, 08:34 Uhr
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