Brent crude remains steady over US stimulus measures

12 July 2012

Brent crude remained steady at above $100 a barrel as uncertainty regarding stimulus measures by the US Federal Reserve restrained investor appetites for riskier assets.

Brent crude slipped by 17 cents to $100.06, while US crude dropped by 19 cents to $85.62.

Investors are also awaiting China's GDP data, which is due to be released today.

Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) forecast that oil demand growth was to slow in 2013 from the already weak 2012 rates, on Europe's debt worries, reports Reuters.