Oil prices are extending Friday's gains amid a weaker dollar on Monday morning as focus has shifted towards expectations of quantitative easing in the US with governor Ben Bernanke due to give a speech later, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands up USD 0.81 at USD 83.77/bbl on the ICE platform, while the WTI December contract on Nymex traded USD 0.95 higher at USD 82.64/bbl.
On Friday, the Brent contract closed up USD 1.13 at USD 82.96/bbl, following trades in a USD 81.83-83.25/bbl range, while the contract in New York also gained USD 1.
Montag, 25.10.2010, 08:26 Uhr
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