Brent hovers above US$108 as economic worries deter investors

Brent futures steadied above US$108 a barrel on Thursday after a sharp drop in the previous session, with investors waiting for a European Central Bank policy meeting and critical jobs data out of the United States this week for more trading cues. Front-month Brent futures added 23 US cents to US$108.40 per barrel at 0244 GMT.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1053645/brent-hovers-above-us108-economic-worries-deter