Oil prices are ticking higher on Friday morning, although the gains do not reflect any increased optimism over the outlook for commodities, traders said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 104.44/bbl on the ICE platform, up USD 0.49 on Thursday's close, while the WTI November contract on Nymex traded USD 0.51 higher at USD 82.65/bbl.
"It's nothing more than profit taking today - the market is just waiting for more news,” Yusuke Seta, a Tokyo-based trader, tol
Freitag, 30.09.2011, 08:19 Uhr
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