Brent crude remained steady at 114.68 a barrel after gaining four cents, over hopes that European policymakers will act to resolve the continent’s debt crisis.

This week, Greek Prime Minister Antonis Samaras will hold bilateral talks with leaders of France, Germany and the Eurogroup in a bid to seek concessions for its bailout swap.

Supply concerns remained the same as tensions in the Middle East continued, reports Reuters.

The International Atomic Energy Agency will hold a meeting with Iran to address questions about its nuclear weapons research.

Meanwhile, US crude gained two cents to $96.85 a barrel as stocks fell to six million barrels in the week to 17 August, followed by a decline in imports.