Oil slightly higher ahead of Chinese data points

Oil futures traded slightly higher in the early part of Friday’s Asian session as traders await some important economic data releases out of China later today. 

On the New York Mercantile Exchange, light, sweet crude futures for March delivery added 0.05% to USD95.88 per barrel in Asian trading Friday. 

Oil was barely higher even after Goldman Sachs said it remains the market to remain for the remainder of the first quarter. In other news, Saudi Arabia, the largest producer in the Organization of Petroleum Exporting Countries (OPEC), said it kept production at around 9 million barrels per day last month, marking the second straight month the kingdom has only pumped at that level. Continue Reading ...