Oil prices are edging higher to trade around six-month highs amid limited volatility as the market "takes a breather” ahead of the later US Federal Open Market Committee meeting that may see further quantitative easing announced, players said.
The front month Brent North Sea oil contract was last heard USD 0.30 firmer at USD 85.71/bbl - its highest level since early May. WTI was last traded USD 0.33 higher at USD 84.23/bbl.
"It [the firmer prices] could be due to market cautiousness,” Serene Lim, energy and commodity strategist at ANZ Bank in Singapore said. "The market is taking a b
Mittwoch, 3.11.2010, 08:15 Uhr
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