Brent slips towards $117 on euro zone concern, Iran supports
2/14/2012 11:59:40 AM
SINGAPORE: Brent crudefutures slipped towards $117 on Tuesday, pushed by demand growth concerns in Europe after ratings agency Moody's downgraded six countries in the region, but fears of supply disruption helped stem the slide.
Moody's warned it might cut the top ratings of France, Britain and Austria after downgrading Italy, Portugal, and a few other countries, weighing down Asian shares and the euro. Tension in the Middle East worsened as Israel accused Iran and its ally, Hezbollah, of being behind two bomb attacks.
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