Brent is trading strongly on Monday morning at near USD 119/bbl supported by the ongoing war in Libya causing supply concerns and on firm demand.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 118.92/bbl on the ICE platform, up USD 0.22 on Friday's close.
Both the demand and the supply side are bullish for oil as the escalating Libyan crisis has no end in sight, while Friday's US jobs figures were healthy meaning demand is going to continue to grow, said commodities
Montag, 4.04.2011, 08:08 Uhr
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