Oil prices are rebounding in early Thursday trading, following sharp losses in the previous session, triggered by a surge in US crude stocks to their largest one week gain in four years, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 102.18/bbl on the Ice platform, up USD 0.71 on Wednesday's close, while the WTI May contract on Nymex traded USD 0.82 higher at USD 102.29/bbl.
"It's mainly just rebounding [after losing some USD 2.50/bbl on Wednesday]. There's not much on the bullish side at the momen
Donnerstag, 5.04.2012, 08:38 Uhr
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