Oil prices are continuing to strengthen on Friday morning on falling US crude inventories and remarks from Opec that an economic recovery was near with "the bulls just keep on keeping on”, said players.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 64.56/bbl on the ICE platform, up USD 0.17 on Thursday, when it closed USD 1.89 up on the previous day.
Thursday's US Energy Information Agency crude stock report, which showed a decrease in inventories of 5.4m barrels for the week ending 22 May, was encouraging, said Philadelphia-based anal
Freitag, 29.05.2009, 08:22 Uhr
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