Oil prices are edging higher on Monday on the back of a weaker dollar and forecasts of rising manufacturing in the US, though poorer than expected Japanese GDP growth is limiting gains, said players.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 75.58/bbl on the ICE platform, up USD 0.47 on Friday's close.
The dollar fell to USD 1.2794 per euro after reaching USD 1.2734 earlier, with the slide boosting the appeal of dollar-denominated crude for European investors.
"Traders will likely trade upon the negative correlat
Montag, 16.08.2010, 08:26 Uhr
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