Brent
has
risen
more
than
25%
since
the
end
of
June
and
hit
$112.56
on
Tuesday,
its
highest
since
mid-May,
on
expectations
the
world's
largest
economies
would
take
more
measures
to
stimulate
growth.
Expectations
that
central
banks
will
ease
monetary
policy
and
announce
further
rounds
of
quantitative
easing
(QE),
moves
likely
to
support
commodities,
have
increased
investors'
appetite
for
riskier
assets
and
pushed
up
equities.
Brent
crude
futures
for
September
fell
$1.15
to
a
low
of
$110.85,
before
recovering
to
trade
around
$111.90
by
1257
GMT.
US
crude
was
down
20
cents
at
$93.47.
The
US
crude
oil
contract
settled…
Brent steadies at $112