Oil prices are trading flat on Monday morning, supported by recent positive economic data from the US, while eurozone debt is triggering concerns, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 91.76/bbl on the ICE platform, up USD 0.09 on Friday's close.
That crude oil was edging up on Monday morning was a bit surprising given that Moody's downgraded Ireland's credit rating by five notches to Baa1 on Friday, triggering concerns about the European sovereign debt
Montag, 20.12.2010, 08:17 Uhr
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