Oil falls to $108 on higher supplies, Iran
Crude oil prices fell to around $108 a barrel on Monday as higher output from Iraq and a possible thaw in US-Iran relations boosted the supply outlook, offsetting upbeat economic data from China and Europe. Brent crude for November delivery fell to the day�s low of $107.87 a barrel and was down $1 at $108.22 at 1430 GMT. US crude for November fell $1.22 to $103.55 a barrel. Oil prices plummeted last week following the return of some supplies from Libya after weeks of unrest and as fears of US-led military action against Syria faded. Prices ...
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