Oil prices and Brent in particular are rising on Monday morning on concerns of a Norwegian production lockout as a labour dispute is no closer to being resolved.
The front month Brent crude oil contract last traded at USD 98.70/bbl, up USD 0.51 on Friday's close, when the session saw a USD 2.51 decline in the contract on the Ice exchange.
"The potential for a shutdown of Norway's oil production is providing a little upside today,” said analyst Michael Creed at National Bank of Australia.
Montag, 9.07.2012, 07:56 Uhr
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