Brent crude steady near $126 on Iran, economic outlook

[unable to retrieve full-text content]SINGAPORE (Reuters) - Brent crude was steady near $126 a barrel on Monday, extending previous session's gains, as prices were supported by continued concerns over a potential supply disruption from Iran and the prospect of a stronger U.S. economy lifting oil demand. Higher output from top producer Saudi Arabia and plans by Iraq to expand its export routes have tempered fears of a loss of Iranian barrels as the deadline for tougher Western sanctions approaches, but the risk of a major supply squeeze remains, analysts said. ...

Source: http://news.yahoo.com/brent-crude-steady-near-126-iran-economic-outlook-060540731.html

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