Brent crude slipped ten cents to $104.28 a barrel as investors anticipated more US stimulus measures to support growth, while investors feared that tensions in the Middle East could affect oil supply further.

US crude fell 30 cents at $88.67 as single-family home sales in June showed the biggest decline in more than a year, while crude oil inventories rose by 2.72 million barrels last week.

Fears of a chemical warfare by Syria against the 16-month revolt against President Bashar al-Assad also added to supply concerns, reports Reuters.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData