Brent Falls Near $114/B, As Sluggish Economy Outweighs Supply Risk

Published on Thursday, 11 Oct 11:43 am

Brent crude slipped 37 cents to $114.13/B, with a cloudy economic outlook offsetting fears about disruptions to Middle East oil supply as a conflict between Turkey and Syria escalated. A stronger dollar, as investors shied away from risk on concerns about a slowdown in global growth, also weighed on oil prices, making the commodity more costly for holders of other currencies.

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