Oil prices are edging higher on Wednesday morning after weakening in the previous session amid rising US crude oil inventories and eurozone debt concerns, analysts said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 110.35/bbl on the Ice platform, up USD 0.32 on Tuesday's close when it ended down USD 0.55 day on day.
On Nymex, the WTI front month contract was last seen at USD 99.06/bbl, up USD 0.11 on previous close.
The EU imposed embargo on oil imports from Iran is providing sup
Mittwoch, 25.01.2012, 08:01 Uhr
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