Oil prices are trading sideways on Thursday morning as an unexpected rise in US crude inventories dampened hopes of a speedy recovery for oil demand in the country, the world's largest energy consumer, said players.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 85.73/bbl on the ICE platform, up USD 0.03 on Wednesday's close.
On Nymex, the WTI June contract was last seen at USD 83.49/bbl, down USD 0.19 from Wednesday's settlement.
Wednesday's US Energy Information Administration (EIA) figures showed crude stocks had risen b
Donnerstag, 22.04.2010, 08:17 Uhr
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