Prices for Brent crude fell by another $1 yesterday to hover near $97, a 17-month low, after the IEA highlighted how demand was drying up in China and Europe.
"Oil price continues to drift as reports from Opec say that some trimming of production has occurred from Saudi Arabia, demand is weakening and October sales are down as prices are cut again."
"Barry spoke to the nation from the White House last night and has firmed up his war in IL, they are not safe even in Syria now which is quite a good way to sort out a bit of action there…"
"Oil markets have taken this as being even more bearish for the oil price as ironically it may mean less geopolitical worries down the line, Brent is $97.65 this morning."
"This is particularly bad news for Russia and Scotland..."
http://www.thetimes.co.uk/tto/business/industries/naturalresources/article4204093.ece