Oil prices are firming amid a weaker dollar on Wednesday morning but expectations of unchanged Opec output and an increase in weekly US crude inventory figures are limiting the upside, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands up USD 0.44 at USD 83.94/bbl on the ICE platform, while the WTI November contract last traded USD 0.51 higher at USD 82.18/bbl.
"A weaker dollar is certainly helping sentiment and could help us test the upside [for WTI] of USD 84.20/bbl, but whether it stays depends on the weekly inventory data
Mittwoch, 13.10.2010, 08:20 Uhr
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