Prices for Brent crude oil look firmer on Wednesday morning after data from the American Petroleum Institute (API)released the day before showed a draw in inventories, while reports from China indicated rising demand.
In London, the front month contract for North Sea crude oil was last seen traded at USD 58.36/bbl, up 73 cents on the previous close.
Prices had firmed on the back of data showing an increase in refinery runs in China as well as the API figures suggesting a decline in crude, distillate and gasoline inventories, said Yingxi Yu, an analyst with Barclays Capital in Si
Mittwoch, 13.05.2009, 08:13 Uhr
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