Brent slips to USD 114 as demand outlook worsens

MTECHTIPS

Brent slips to USD 114 as demand outlook worsens

Brent futures slipped to USD 114 on Monday, declining for a second day due to worries over the worsening outlook for demand growth, although mounting supply concerns on escalating tensions in the Middle East kept losses in check.
A poll indicating China may have expanded in the third quarter at the slowest pace since the first three months of 2009 overshadowed data over the weekend showing an improvement in commodity imports by the world's second-biggest oil consumer.

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