Crude remains steady; trading at USD101.2/bl

Crude witnessed steady trade as investors expected demand from quake-ravaged Japan to rise. Japan may hike crude demand to cover for shut refineries.

March 15, 2011 / 08:18 IST

Crude witnessed steady trade as investors expected demand from quake-ravaged Japan to rise. Japan may hike crude demand to cover for shut refineries.

Also Saudi Arabia's intervention in Bahrain's crisis pulled oil from earlier lows. Nymex crude traded around the USD 101 per barrel mark, while Brent traded around the USD 113 per barrel mark. Crude currently trading at USD 101.29 per barrel.

first published: Mar 15, 2011 08:15 am

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