Crude oil futures remained stable above $105 per barrel on Friday as traders closely watched the political unrest in Middle East for next development. The positive news of increase in US real gross domestic product also had no affect on the commodities trading and oil prices.

According to the revised data of US Commerce Department, real gross domestic product increased by 3.1 percent for the fourth quarter as compared to prior projection of 2.8 percent.

Crude oil future contract for May delivery slightly moved up by $0.01 to $105.61 per barrel on New York Mercantile Exchange on Friday as compared to $105.60 per barrel on Thursday.

Experts from Commerzbank commented, “Continued fighting in Libya and protests in other Arab countries have given further support to oil prices, though additional impulses are currently lacking for any further rise of prices.”

In latest updates NATO North Atlantic Treaty Organization has finally decided to implement the suggestion of United States to enforce no fly zone over Libya. No fly zone will be implemented by a strategic partnership of Britain, France and United States.

Moreover analysts also foresee rising oil demand from Japan which was substantially reduced due to recent tsunami and earthquake. However as developments is underway experts are projecting higher oil demand in Japan.

According to statistic Japans consumption before earthquake stood at 4.2 million barrels per day and currently extra global oil inventories stand at 0.7 million to 1.2 million tons. Investors and analysts are keenly watching the developments in Japan and crisis in Libya to assess the future of oil supply and prices.