US oil prices are rebounding on an industry report showing crude stocks unexpectedly fell last week, suggesting demand there may be improving, while ongoing Middle Eastern tension was continuing to support Brent, said players.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 101.95/bbl on the ICE platform, up USD 0.31 on Thursday's close, while the WTI March contract on Nymex traded USD 0.28 higher at USD 84.60/bbl.
Data from the American Petroleum Institute late on Tuesday showed a small stock decline last week, defying forecasts that inventories rose. F
Mittwoch, 16.02.2011, 07:52 Uhr
Redaktion
© 2024 Energie & Management GmbH