(RTTNews) - The price of crude oil was steady above $107 in Asian session after China reported that its inflation dipped to a 20-month low in February, which raised speculation of more monetary easing measures by the commodity hungry nation.
Light Sweet Crude Oil (WTI) futures for April delivery, added $0.64 to $107.22 a barrel. Yesterday, oil ended higher for a second straight session, after reports indicated that Greece was close to an agreement with private creditors in its debt swap deal.
