Brent crude oil traded steadily below $109 as Cypriot leaders prepared to meet and discuss the controversial terms of their forthcoming bailout.
The commodity traded at $108.91 at 11:46 GMT on Tuesday morning after eurozone leaders agreed to give lawmakers in Cyprus more control over the implementation of the levy.
Investors with funds tied up in Cyprus have been unable to access their accounts as the country froze all deposits on March 16th and has declared a bank holiday until March 21st to prevent capital flight.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
