Oil prices inched up on Monday following a strong session on Friday, as financial traders increased their bets on higher prices amid a slowdown in US drilling, but analysts warned fundamentals remained weak.
Front-month Brent crude futures were trading at$57.89 a barrel in early trade, up 2 cents since their last settlement, while US crude was up 14 cents at $51.78.
Read more @ SweetCrude
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