Oil prices are continuing to climb on Monday morning - with Brent above USD 117/bbl - in a market driven by fear of unrest in major oil producer Libya spreading to neighbouring countries, while the WTI-Brent spread is narrowing.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 117.33/bbl on the ICE platform, up USD 1.36 on Friday's close.
On Nymex, the WTI front month was last seen at USD 106.36/bbl, up USD 1.94 on the previous settlement.
"Libya shouldn't be the issue,” said Jonathan Barratt, managing director at Sydney&apo
Montag, 7.03.2011, 08:15 Uhr
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