Oil prices are rebounding from prior-session lows on Wednesday morning after a preliminary American Petroleum Institute (API) report said crude inventory levels had recorded a surprise fall over the last week.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 101.51/bbl on the Ice platform, up USD 1.72 on Tuesday's close.
WTI on Nymex, meanwhile, last traded USD 2.33 higher day on day at USD 78/bbl.
The gains were due to the surprise stock drop and post-settlement gains on the equities markets o
Mittwoch, 5.10.2011, 08:28 Uhr
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