Oil prices are up slightly on Monday morning following a heavy drop on Friday, but may fall again as the market is factoring in the possibility of strategic oil release, one analyst said.
The front month Brent crude oil contract last traded at USD 123.89/bbl on the Ice exchange, up USD 0.24 on Friday's close, when the contract pulled back USD 2.55.
At Nymex, the April WTI contract was last seen USD 0.27 stronger at USD 106.97/bbl.
"Oil prices fell 2% on Friday after Saudi Arabia eased investor concerns about a reported pipeline explosion t
Montag, 5.03.2012, 08:05 Uhr
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