Oil Prices Hold Steady Ahead Of Inventory Data

Crude continues to churn in its tight trading range, little moved by Libyan supply concerns, nor by rhetoric coming out of CERAWeek in Houston. As we await another weekly dose of U.S. inventory data, all we can hear are bullish snores amid a bearish pause (paws?). Hark, here are five things to consider in oil markets today: 1) Last week we discussed how the loadings of certain Nigerian crude grades were on the rise, although still lagging year-ago levels. Our ClipperData below illustrate how export loadings of light sweet Qua Iboe crude are still…