Brent Crude Maintains $60 Level In Light Christmas Trading

Brent crude futures for February delivery traded above the $60 per barrel level in early Asian trading today, as signs of lower demand and oversupply remain in the market. On one hand, the Japanese import data showed that the import of crude oil during November declined 17.3% from last year, to an average of 3.08 million barrels per day (bpd). Meanwhile, the inventory data by the Energy Information Administration (EIA), on December 24, revealed that the crude oil stockpile increased by 7.3 milli...