What's moving the oil markets?

The front-month November IPE Brent crude contract was changing hands at $59.05/bbl, down 16 cts from Friday's settle, at 1103 GMT, amid thin volumes. "Technical buying had pushed the price up earlier today but the Brent program has pushed that down now with more crude barrels being available," one London based broker said.

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http://www.platts.com/Oil/Resources/Whats%20Moving%20the%20Market/