Brent steady above $111 as europe worries ease
1/20/2012 12:49:33 PM
SINGAPORE: Brent crude held steady above $111 on Friday with investors betting oil demand would grow as Europe's funding worries ease amid supply concerns over Iran's tensions with the West.
Yet gains were capped as gasoline demand in the world's biggest consumer, the United States, fell to its lowest in a more than a decade because high pump prices limited road travel. The latest numbers out ofChina showing manufacturers started 2012 in a sluggish mode also weighed on the market.
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