Oil prices are strengthening on Monday morning due to an ongoing shutdown at several North Sea oil platforms and subsiding concerns about Chinese demand, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 98.07/bbl on the ICE platform, up USD 0.47 on Friday's close.
On Nymex, the WTI March contract was last seen at USD 89.50/bbl, up USD 0.39 on Friday's close.
Brent prices had rallied on Friday, closing USD 1.02 higher day on day, as Shell announced four of its North Sea
Montag, 24.01.2011, 08:22 Uhr
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