Friday 1 April 2011

Brent steady above $117, investors look to March jobs data - Maktoob News

Brent crude was steady above $117, after earlier touching near a four-week high, as investors awaited an expected positive U.S. March payroll report due later on Friday for clues to demand prospects by the world's largest oil importer.

Brent for May shed 10 cents to $117.26 a barrel at 0324 GMT after earlier touching $117.90, the highest price since March 7 and less than $2 from a 2-1/2-year high of almost $120 reached in February.

U.S. crude rose 36 cents to $107.08 after earlier touching $107.65, an intraday peak since September 2008.

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