Brent steady above $109 ahead of EU summit
12/8/2011 10:23:00 AM
SINGAPORE: Brent crude was steady above $109 on Thursday, after a sharp fall in the previous session, as the market stayed cautious ahead of a summit to deal with Europe's sovereign debt crisis.
The market is also looking to the European Central Bank's (ECB) final monetary policy meeting of the year later on Thursday, which is expected to deliver a 25 basis points rate cut.
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