Oil prices look rangebound on Monday morning after falling in the previous session as concerns about the speed of the economic recovery is offsetting positive US GDP data, said players.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 71.45/bbl on the ICE platform, down USD 0.01 on Friday's close.
On Friday, the Brent contract lost USD 0.67 to settle at USD 71.46/bbl, while the WTI March contract fell USD 0.75 to USD 72.89/bbl.
Crude oil prices were weak on Friday on the back of a stronger dollar, s
Montag, 1.02.2010, 08:24 Uhr
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