Oil prices are rising on Monday morning after dropping earlier in the session as an interest rate hike in China is expected to slow down demand, players said.
The front month contract for Brent North Sea crude oil was last changing hands at USD 94.42/bbl on the ICE platform, up USD 0.65 from Friday after hitting a low of USD 93.54/bbl earlier. The WTI February contract was up USD 0.76 at USD 91.78/bbl.
The market was currently torn between expectations that Chinese demand would fall as the government was tightening its monetary policy, an
Montag, 27.12.2010, 08:42 Uhr
Redaktion
© 2024 Energie & Management GmbH