Oil markets continue to be affected by economic uncertainty in the US and Europe.

Brent crude fell by 95&#162 to stand at $105.73 today after rising $1 as the US dollar weakened.

Meanwhile, US crude dropped 41¢ to $82.48 as the poor economic outlook in the world’s top oil consumer continued.

Oil prices were also affected by concerns of an impending downgrade of France’s credit rating.