Crude oil prices firmed on Friday, and are continuing up Monday morning as Saudi Arabia's output increase may not ease supply fears.
Crude oil prices were rangebound last week, seeing new intraday highs close to USD 140/barrel on Monday. Prices are strengthening Monday morning, as Saudi Arabia's decision to pump more oil risks being completely negated by the sharp drop in output caused by attacks on production facilities in Nigeria, the Financial Times reports. The front Brent contract was traded in a USD 131.48
Montag, 23.06.2008, 07:55 Uhr
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