Oil prices are rising on Monday morning, Brent up over USD 1, on news the IMF is preparing a EUR 600bn loan to Italy.
The front month contract for Brent crude North Sea oil on the Ice exchange last traded at USD 107.71/bbl, up USD 1.31 on Friday's close.
On Nymex, the January WTI crude oil contract was last seen USD 1.88 higher at USD 98.65/bbl.
"The IMF seems to be willing to pump more money into the EU,” said r
Montag, 28.11.2011, 08:28 Uhr
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