Brent crude held steady above $119 a barrel today, as the US awaits a third round of monetary easing.

Economic growth cooled in the first quarter, raising expectations that the Federal Reserve could start a government bond buying, or quantitative easing to support the economy, reports Reuters.

Brent fell 8 cents to $119.75 a barrel, while US crude rose 8 cents to stand at $105.01, as the US dollar stayed at multi-week lows against the euro and Japanese yen.

Meanwhile, trading in Asia was quiet, coinciding with public holidays in China and Japan.