Oil prices are rising on Monday morning as the euro is gaining strength against the dollar amid an Irish bailout agreement with the EU and IMF, players said.
The front month contract for Brent North Sea crude oil was last changing hands up USD 0.75 at USD 85.09/bbl on the ICE platform, while the WTI January contract traded USD 0.59 higher at USD 82.57/bbl.
After Ireland had agreed terms with the EU and the IMF over a finance deal - expected to total EUR 80-90bn - the market could continue to focus on fundamentals, Tony Nunan at
Montag, 22.11.2010, 08:13 Uhr
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