U.S. crude oil futures remain above $50 after strong previous session

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Oil-global_theedgemarkets

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SINGAPORE (Apr 10): U.S. crude oil futures were little moved in early trading on Friday holding above $50 a barrel on strong German economic data and uncertainty about negotiations on Iran's nuclear programme.

The market opened at similar levels to its last settlement on Thursday, when Brent crude rallied 4 percent in the previous session as European equities strengthened on German industrial output and Greece's repayment of a loan to the International Monetary Fund.

FUNDAMENTALS

* NYMEX crude for May delivery was trading at $51.81 a barrel at 0002 GMT, up a mere 2 cents from their previous settlement.

* Brent crude futures for May were up 23 cents to $56.80 a barrel.