Oil prices weaken

Published Oct 17, 2012 12:16am

LONDON, Oct 16: Crude prices pulled lower on Tuesday on concerns over weak global demand outlook, but losses were capped by geopolitical worries in Iran, analysts said.

Brent North Sea crude for delivery in November sank $1.20 to $114.60 a barrel in late afternoon trade in London. The contract expires at the close.

New York’s West Texas Intermediate (WTI), or light sweet crude for November delivery, slid 20 cents to $91.65 a barrel.—AFP


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