Oil prices are trading flat on Friday morning despite comments from South Korea's central bank that unstable oil prices represented a "major downside risk”, while fears prevail that demand destruction has set in, analysts said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 113.66/bbl on the ICE platform, up USD 0.68 on Thursday's close.
On Nymex, the WTI June contract last traded USD 0.05 lower at USD 98.93/bbl.
The South Korea central bank comment echoed prior-session statements by the International Energy Agency (IEA), which said on
Freitag, 13.05.2011, 08:21 Uhr
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