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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