Oil prices are looking a touch firmer on Monday morning on the back of a weaker US dollar while the market seems to have found its floor at around USD 70/bbl, said an analyst.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 74.50/bbl on the ICE platform, up USD 0.48 on Friday's close.
Crude oil prices were edging up mainly on the back of a slight weakening in the US dollar against the euro, said Victor Shum, a Singapore-based analyst at Purvin & Gertz, but added that the move was marginal compared with v
Montag, 31.05.2010, 08:23 Uhr
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