Oil prices are edging higher on Monday on the back of a weak dollar as markets await the outcome of a crucial US Federal Reserve meeting on monetary policy following poor employment data, said players.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 80.72/bbl on the ICE platform, up USD 0.56 on Friday's close.
Investors were eyeing Tuesday's Federal Reserve open market committee meeting amid mounting speculation chairman Ben Bernanke might announce further monetary easing to boost the economy after Friday's weak employment
Montag, 9.08.2010, 08:24 Uhr
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