Brent slips, holds steady above US$116

LONDON: Brent crude oil held above US$116 a barrel yesterday, steadying after seven days of gains on expectations US economic stimulus measures would boost commodities and other risky assets. Brent hit a four-month high of US$117.95 a barrel on Friday after the US Federal Reserve announced a plan to pump US$40 billion (RM158 billion) a month into the US economy in a third round of quantitative ...