Oil prices are edging lower on Friday morning after modest gains in the previous session as players are re-assessing weak fundamentals, said analysts.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 77.84/bbl on the ICE platform, down USD 0.27 on Thursday's close.
Crude oil prices were easing in the absence of new data as the market was re-assessing fundamentals and particularly the weak US inventory data released on Wednesday, said Ben Westmore, commodities economist at the N
Freitag, 24.09.2010, 07:59 Uhr
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