Oil is trading around USD 54/bbl on Wednesday morning after a late gain on Tuesday on renewed economic optimism from the US Federal Reserve chairman, sparking hopes of an upturn in oil demand, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 54.15/bbl on the ICE platform, up USD 0.03 on Tuesday's close.
"It seems as if the players are more in a wait-and-see mode, but I see more light in the tunnel as there is more positive news coming to the market,” said a German analyst, who expected crude to reach USD 56/bbl i
Mittwoch, 6.05.2009, 08:19 Uhr
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