February 14, 2013 at 07:25 AM EST
Brent Steady as Supply Woes Balance Demand Worries
Brent crude oil traded steadily at $118.13 at 9:43 GMT on Thursday morning following news that the US and Iran failed to reach an agreement in talks about Iran's nuclear program. The commodity has been gaining momentum as the world's largest economies show signs of improvement and support speculation that the
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