Oil Slides Marginally to $103 on Middle East Tensions

21 March 2011 (Last Updated March 21st, 2011 18:30)

Oil prices slipped marginally to $103 a barrel today, as tensions continue in the Middle East with demand uncertainty from Japan. US crude for May fell 3¢ to $103.06, while Brent for May went up 14¢ to $115.10 a barrel at 05:46 GMT, reports Reuters. In Tripoli, anti-

Oil prices slipped marginally to $103 a barrel today, as tensions continue in the Middle East with demand uncertainty from Japan.

US crude for May fell 3¢ to $103.06, while Brent for May went up 14¢ to $115.10 a barrel at 05:46 GMT, reports Reuters.

In Tripoli, anti-aircraft fire continued for a third night on Monday, but air attacks on Libya are likely to slow, as US holds back from being involved in the country’s civil war.

In Japan, smoke and steam continue to rise from two of the reactors at the Fukushima nuclear plant today, indicating the seriousness of the situation.