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Commodities Briefing - Categorized | Oil, Price Watch more

Brent below $110 on economic woes; Iran tension limits losses

Posted on 26 September 2012

Brent crude slipped below $110 per barrel on Wednesday, weighed down by worries that a fragile global economy would cut oil demand, although supply disruption risks amid rising tensions between Iran and Western nations kept losses in check.
Big anti-austerity protests in Spain reignited fears about the three-year old debt crisis in the euro zone, while more profit warnings by U.S. companies, including heavy equipment maker Caterpillar Inc, showed how the global slowdown is slashing corporate earnings………………………………………..Full Article: Source

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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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