Brent slips towards USD 109 as investors book profits
Brent crude slipped towards USD 109 on Wednesday as investors booked profits after prices rose more than USD 2 in the previous session and worries about the global economy overshadowed concerns over disruption of supply from the Middle East.
Brent futures slipped further below $111 on Monday as the latest data from China pointed to an uneven economic recovery in the world's second-biggest oil consumer and raised demand growth concerns, while a stronger dollar put more pressure on prices.