Brent crude prices held steady this morning on optimism that policymakers would move closer to resolving the eurozone debt crisis at a meeting to be held this weekend and stem any slowdown in oil demand.
Brent crude fell by 1¢ to stand at $109.75 a barrel after touching $110, while US crude gained 42¢ to $86.49, according to Reuters.
However, investors are also concerned about the deep divisions between France and Germany, which may mean there will be little progress on strengthening the eurozone bailout fund.
Twitter