Brent remained steady above $125 today as comments from the US Federal Reserve indicated that an easy monetary policy would remain in place for some time, which could lead to investors spending funds on riskier assets.

Brent crude slipped 10 cents to $125.55 a barrel, while US crude dropped 5 cents to $106.98.

Federal chairman Ben Bernanke said it was important that the US economy grew quickly to produce enough jobs to bring down the unemployment rate and this process could be supported by continued accommodative policies, reports Reuters.

Prices were also supported by tightened supplies from Iran over sanctions from the West against its controversial nuclear programme.