Agence France-PresseFebruary 17, 2014 01:46
Oil prices held above $100 in Asian trade Monday, cheered by a surge in bank lending in China, the world's top energy consumer.
New York's main contract West Texas Intermediate for March delivery rose 30 cents to $100.60 in afternoon trade, while Brent North Sea crude for April eased 12 cents to $108.96.
"China's credit news showed that the credit increased and that there is still growth there. Maybe it is not as fast but it is still moving along," Kelly Teoh, market strategist at IG markets in Singapore, told AFP.