Oil prices are gaining on Thursday morning due to an unexpected fall in US crude inventories and as surging Chinese economic growth buoyed expectations that crude demand may be recovering, said traders.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 86.39/bbl on the ICE platform, up USD 0.24 on Wednesday's close.
On Wednesday, the Brent contract gained USD 1.43 to close at USD 86.15/bbl while in New York the front month WTI contract rose by USD 1.79 to USD 85.84/bbl.
Wednesday's US Energy Information Administr
Donnerstag, 15.04.2010, 08:10 Uhr
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