Crude oil prices are trading range-bound on Monday morning as investors lock in profits accrued last week, with a weak dollar and renewed risk appetite likely to boost the appeal of crude later in the session, said players.
The front month contract for Brent crude North Sea oil was last seen USD 0.03 firmer at USD 78.90/bbl, while the WTI contract on Nymex was last dealt USD 0.04 higher at USD 76.53/bbl.
"Some investors are looking to take profits after crude rose at the back end of last week, although general dollar weakness is likely to mean [WTI] crude will test USD 77/bbl today,” said analyst
Montag, 27.09.2010, 07:58 Uhr
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