Brent Drops Below $111/B On Reduced Growth Jitters

Published on Tuesday, 25 Sep 12:41 pm

Brent crude futures fell below $111/B in early Asian trade on Monday, dragged down by a firm dollar and worries about weak economic growth in key consumer nations. Although central banks in the US, Europe and Japan have announced measures aimed at keeping asset markets well supplied with funds, growth concerns have overtaken the initial elation following the stimulus announcements (Reuters). Front-month Brent futures had fallen 82 cents to $110.60/B , while US crude futures were 77 cents lower at $92.12/B.

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