Oil prices are drifting sideways on Thursday ahead of a key US Federal Reserve meeting later in the session, which players hope will offer some clearer signals on the prospects of the third round of quantitative easing.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 116/bbl on the Ice platform, up by a negligible USD 0.04 on Wednesday's close, while the WTI October contract on Nymex traded flat at USD 97.01/bbl.
"The market cannot move up or down before the Fed announcement,” Ken Hasegawa, of brokerage Newedge in Tokyo, told Montel.
Donnerstag, 13.09.2012, 08:10 Uhr
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