Oil prices are edging higher on Monday on reports showing an increase in US consumer spending, increased Chinese growth and as eurozone ministers agree on an increased financial stability mechanism.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 123.15/bbl on the ICE platform, up USD 0.27 on Thursday's close.
On Nymex, the WTI [front month] contract last traded USD 0.20 higher at USD 103.23/bbl.
Oil prices rose following reports that US consumer spending rose to its highest level for seven months in Febru
Montag, 2.04.2012, 08:55 Uhr
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