Oil prices are edging higher on Monday as the dollar weakened amid growing expectation the US Federal Reserve would announce new measures to bolster the world's largest economy, said players.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 84.82/bbl on the ICE platform, up USD 0.65 on Friday's close.
Last Friday's employment report by the US Labour Department showed the economy shed 95,000 non-farm jobs in September, a much larger decline than the 5,000 expected.
The data strengthened the case for the Fed i
Montag, 11.10.2010, 07:55 Uhr
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