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.
Go deeper with GlobalData
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
