Oil prices look slightly stronger early Monday after the US bailout package to the car industry had renewed confidence in the market, players said.
The front-month contract for Brent North Sea crude oil was last seen changing hands at USD 44.20/bbl on the ICE platform, up 20 cents on Friday's close.
The upward price movement was attributed the USD 17.4 bn bailout package to the US car industry which was announced on Friday, according to various media reports.
Meanwhile, the 2.2 m barrel cut agreed by Opec las
Montag, 22.12.2008, 08:19 Uhr
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