Oil prices are rebounding on Friday morning after the US and the UK said they had not reached a deal on releasing oil from strategic reserves.
The front month contract for Brent North Sea crude oil was last seen changing hands up USD 0.50 at USD 123.10/bbl on the Ice platform.
On Thursday the April Brent delivery fell as low as USD 120.97/bbl before settling at USD 123.55/bbl, down USD 1.42 day on day following a report that the US and UK had agreed to co-operate on releasing strategic oil reserves.
Freitag, 16.03.2012, 08:07 Uhr
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