Oil prices are likely to trade sideways this week, with bullish geopolitical tensions over Iran's nuclear ambitions balanced out by the European debt crisis, said one analyst on Monday.
The front month Brent crude oil contract last traded at USD 108.16/bbl, down USD 0.31 from Friday's close on the Ice exchange.
At Nymex, the front month WTI crude oil contract was last seen USD 0.25 lower at USD 99.16/bbl.
Friday's EU summit agreement on tighter fiscal discipline, whereby annual st
Montag, 12.12.2011, 08:15 Uhr
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