Oil prices are recovering from Tuesday's eight-day low on Wednesday morning amid a raft of positive economic data indicating global recovery, while supply fears resulting from the continued tension in Iran are also underpinning prices, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 122.34/bbl on the Ice platform, up USD 0.79 on Tuesday's close.
On Nymex, the WTI front month contract last traded USD 0.43 higher at USD 106.98/bbl.
"There has been some positive data from the US and Asia which is lifting prices again,” one trader said, citin
Mittwoch, 29.02.2012, 08:11 Uhr
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