Brent slipped to $105/B on Monday as economic concerns returned to the forefront  of fresh fears that Spain may not be able to avoid a costly bailout, which could have repercussions on oil demand in the region (Reuters). Further adding bearishness in oil markets, US demand for crude oil, gasoline and distillates fell in June from a year earlier, reports the American Petroleum Institute (API), attributing the drop to a slowing US economy. Brent crude was down at $105.51/B, while US crude fell to $90.51/B.