Oil prices are gathering support on Thursday on the back of the largest drop in US gasoline stocks for nearly 13 years.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 123/bbl on the ICE platform, up USD 0.12 on Wednesday's close, while the WTI May contract on Nymex traded USD 0.11 higher at USD 107.22/bbl.
"Gasoline futures led gains in the energy complex,” said Phillip Futures analysts in a note.
Although US commercial crude oi
Donnerstag, 14.04.2011, 08:18 Uhr
Kai Eckert
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