(MENAFN- Khaleej Times) Brent crude oil fell below $108 per barrel on Tuesday as recent strong gains in prices fed into worries about demand growth, with the global economic recovery seen as fragile.
Brent futures lost 24¢ to $107.91 in early trading. US crude slipped 68¢ to $106.26 a barrel, after pulling back sharply on Monday from last week's 16-month high.
Brent is still up more than five per cent this month and US crude almost 10 per cent, bolstered by economic optimism, supply disruption in Libya and worries about unrest in parts of the Middle East.
However, analysts said economic recovery in the wake of a deep recession in many developed and emerging economies remained vulnerable to weak spending by hard-pressed consumers.
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