The price of Brent crude fell today as investors assess the outcome of European policy makers’ agreement to draft a new treaty for deeper economic integration.
Brent slipped by 39 cents to $108.23 a barrel as analysts worried the new treaty could take months to negotiate and may require referendums in countries such as Ireland, reports Reuters.
Go deeper with GlobalData
Steady demand growth for China imports prevented the price of Brent from slipping even further.
Meanwhile, US crude slipped by 26 cents to $99.15 after settling more than $1.07 a barrel higher on Friday, when China announced a new $300 billion vehicle to invest in Europe and the US, pushing stocks higher.
See Also:
