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.
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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.
