Brent crude held steady near $109/B on 22 May, awaiting the results of two meetings to tackle Europe’s debt crisis and discussion with Iran over its nuclear file which is likely to determine the future of global oil demand and supply, reports Reuters. EU leaders may implement new measures to tackle its worsening debt crisis during a Wednesday meeting after contagion fears sparked a global markets sell-off in the past few weeks. Brent crude edged up 6 cents to $108.87/B, while US crude for June inched up 6 cents to $92.63/B.