Oil markets fell today weighed by the death of North Korean leader Kim Jong-il and ongoing eurozone debt woes.
Brent crude fell by 70¢ to stand at $102.65 a barrel, while US crude was down 66¢ at $92.87, reports Reuters.
Oil prices were affected by rising tension in North Korea following the leader's death, pushing the US dollar higher and making dollar-denominated oil more expensive.
China's economy headed for a moderate slowdown with hope that the nation's oil demand would hold up, while investors look for signs of a supply drawdown from Iran over sanctions against its nuclear programme.
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