Oil prices are firming on Wednesday morning, but could drop below the strong USD 60/bbl support level in the afternoon if US gasoline inventory levels rise for a fifth straight week, one analyst said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 61.68/bbl on the ICE platform, up USD 0.82 on the previous close. In New York, the WTI August contract last traded up USD 0.88 at USD 60.40/bbl.
On Tuesday, the Brent contract closed USD 0.17 higher at USD 60.86/bbl following trades in a USD 60.48-62.26/bbl range, while the WTI contract sh
Mittwoch, 15.07.2009, 08:56 Uhr
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