Oil prices are rising on Monday morning in line with a weakening dollar and rising equities after US Federal Reserve chairman Ben Bernanke had raised hopes that the recession was over, an analyst said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 74.72/bbl on the ICE platform, up USD 0.53 on the previous close. In New York, the WTI October contract last traded up USD 0.36 at USD 74.25/bbl.
On Friday, the Brent contract gained USD 0.86 to close at USD 74.19/bbl following trades in a USD 72.65-74.97/bbl range, while the WTI contract rose
Montag, 24.08.2009, 08:18 Uhr
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