Oil prices steadied on Thursday, holding on to recent gains after forecasts for stronger oil demand by the International Energy Agency (IEA). Benchmark Brent crude LCOc1 was up 20 cents at $55.36 a barrel by 0930 GMT, after rising 89 cents or 1.6 percent on Wednesday. U.S. light crude CLc1 was up 25 cents at $49.55 after gaining 2.2 percent in the previous session. Brent has now climbed more than $10 a barrel over the last three months and is close to where it was at the beginning of the year, trading between about $55 and $57 a barrel. “By breaking $55.00 a barrel, Brent is moving back to the price range of January/February,” said Olivier Jakob, analyst at […]