Light, sweet crude futures for delivery in April traded at US$99.90 on the Nymex, advancing as prospect of a long-term disruption to Japanese crude demand recedes. Japan’s oil refining sector is graduually restoring operations indicating that oil demand from the world's third-largest oil consumer will not be severely affected.
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Friday, March 18, 2011
Oil futures recover as Japan's oil refining sector gradually restores operations
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