Oil prices are firming on Tuesday supported by concerns Libyan oil exports could take up to three years to fully resume even in the case of an imminent end to the Gaddafi regime, analysts said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 108.86/bbl on the ICE platform, up USD 0.50 on Monday's close.
On Nymex, the WTI October contract was last seen at USD 84.95/bbl, up USD 0.53 on previous close.
"One could blame the bounce back from Monday's lows at USD 105/bbl on the weather - with
Dienstag, 23.08.2011, 08:31 Uhr
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