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Decline in global oil prices
On: Sat 07/01/2012 6:55
□ capitals / agencies
Brent crude fell to near $ 113 a barrel on renewed concerns about the crisis in the euro zone to dominate the concerns of supply disruptions from Iran after the European Union countries agreed to ban the import of oil from the second-largest producer in OPEC. And limited the gains oil fears that the euro zone crisis lead to the worsening global economic slowdown and the demand for fuel, despite rising tensions between Iran and the West over Tehran's nuclear program. Brent crude Brent crude rose 29 cents to 113.41 dollars
After rising about 6% during the two-session, its highest close since November 11, with reduced U.S. crude up 13 cents at 103.09 dollars a barrel after rising 4.4% in the two-session to reach a closer due to the highest close since the tenth of May last Wednesday. Greece and raced against time to complete the reform of tax and pension systems in compliance with the demands of international lenders before a round of inspections in the later of January, while the cost of borrowing could rise by Germany and France, with the potential for Vqdahma Tsnnifehma Alaútmanyen outstanding.
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