Brent Slips Toward $108/B After Recent Gains

Published on Tuesday, 07 Aug 16:09 pm

Brent crude dropped toward $108/B on Monday as a recent surge in prices gave some investors a chance to sell their holdings for profit, while more data was eyed for clues on the health of the global economy and the outlook for oil and demand (Reuters). Brent fell 31 cents to $108.63/B, while US crude edged down 12 cents to $91.28/B, after surging close to 5% in the previous session.

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