Crude oil prices are trading marginally softer on Monday morning, but the US summer driving season - which officially started this weekend - should see prices firming over the summer, analysts said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 114.55/bbl on the ICE platform, down USD 0.48 on Friday's close. The July Brent delivery settled down USD 0.02 at USD 115.03/bbl on Friday.
The technical picture is looking quite weak as the market has been bearish for quite some time, said Jonathan Barratt at Sydney-based Commodi
Montag, 30.05.2011, 08:03 Uhr
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