Brent remained steady above $125 a barrel due to tighter crude supplies from the North Sea following the shutdown of the Valhall platform by BP last week.

US crude futures fell 40 cents to $104.83 a barrel, as the largest oil consumer in the world’s factory activity in March rose to 53.4 from February’s 52.4, according to the Institute for Supply Management.

Today, Brent crude fell 41 cents to $125.02 a barrel by 0213 GMT.

Traders said the shutdown led to loading delays of one of the four crude oil streams used for the global price benchmark, reports Reuters.

The platform was closed for unplanned maintenance at the compressor.