Oil prices are rebounding as prior-session lows represented a buying opportunity ahead of Thursday's US holiday despite a bearish inventories report, players said.
The front month contract for Brent crude North Sea oil was last seen USD 0.28 firmer at USD 83.53/bbl, while WTI on Nymex last traded USD 0.38 higher at USD 81.63/bbl.
With WTI having tested USD 80/bbl in the previous session, players took this as an opportunity to buy, participants said, with some suggesting traders were concerned about being short
Mittwoch, 24.11.2010, 08:37 Uhr
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