Oil prices are rising on Thursday on hopes of a boost to oil demand, said players.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 52.52/bbl on the ICE platform, up USD 0.77 on Wednesday's close.
The increase in oil prices was driven by news that US durable goods orders had increased by 3.4% and home sales housing sales had risen by 4.7% which had sparked hope that demand for crude would improve, according to various me
Donnerstag, 26.03.2009, 08:35 Uhr
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