Oil prices are rising on Monday as another production cut by oil cartel Opec is expected, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 45.45/bbl on the ICE platform, up USD 0.60 on Friday's close.
Crude oil prices were expected to strengthen further with Brent for April delivery forecast to reach an intraday high of USD 47.75/bbl, according to the Schork report.
The Iraqi oil minister Hussain al-S
Montag, 9.03.2009, 08:10 Uhr
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