Oil prices are moving cautiously higher on Monday morning as players expect EU leaders to agree new recapitalisation measures for banks and the EFSF by mid-week.
The front month Brent crude oil contract last traded at USD 110.62/bbl, up USD 1.06 on Friday's close on the Ice exchange, while the December WTI contract on Nymex last went through USD 1 higher at USD 88.40/bbl.
"The market feels that there will be a positive resolution to the eurozone crisis,” Tony Nunan, Assistant general manager for pe
Montag, 24.10.2011, 08:16 Uhr
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