Brent stays within $84-85/b range


Oil prices steadied near 2-month highs on Thursday, with Brent crude trading near $85 a barrel buoyed by expectations that a strong economic recovery will boost demand, but rising U.S. inventories and high inflation capped gains.

Brent crude futures fell 11 cents, or 0.1%, to $84.56 a barrel, by 1304 GMT.