Oil prices are likely to trade in a USD 5 range this week as markets look for new direction following the recent fall triggered by poorer US employment data and unsettling EU election results, one broker said on Tuesday.
The front month contract for Brent crude North Sea oil was last traded at USD 113.57/bbl, up EUR 0.41 on Monday's close, on the Ice exchange.
On Monday, the contract closed the session down USD 0.02 at USD 113.16/bbl, following trading in a USD 110.34/bbl-USD 113.50/bbl range.
On Nymex, the front month WTI crude oil contract was last seen at USD 97.80/bbl
Dienstag, 8.05.2012, 08:03 Uhr
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