Oil markets fell today, owing to slow oil demand and weak global economy, which is under continual threat due to supply risks.

"US factory activity expanded for the first time since May 2012, reports Reuters."

Poor manufacturing data out of Europe and China may have been the cause for a downslide of the global crude benchmark, which opened lower at the start of the fourth quarter of this year.

Brent crude for November delivery fell six cents at $112.13 a barrel by 0324 GMT, while US crude was down seven cents to $92.41.

Brent climbed over the third quarter by 15%, the best quarter showing for the first time in one and a half years, because of increased liquidity due to efforts by major central banks to spur economic activity, aided by Iran-linked supply disruption worries

US factory activity expanded for the first time since May 2012, reports Reuters.

Spain may seek an international bailout package but may face resistance from Germany. The eurozone debt crisis is in its third year now.

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