Oil prices are trading sideways on Friday morning as weaker than expected US jobless figures and reduced oil demand expectations provided a counterweight to increased market optimism over the last few days, said players.
The July front month contract for Brent North Sea crude oil was last seen changing hands at USD 58.52/bbl on the ICE platform, down USD 0.07 on Thursday's close.
The front month WTI contract was last seen trading at USD 58.74/bbl, up USD 0.12 on Thursday's close.
Although optimism had clearly increased of late, the market needed to see an improvement in the
Freitag, 15.05.2009, 08:31 Uhr
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