Oil Stays Below $109 on Weaker Outlook for Demand Growth

Reuters reported that oil stayed below $109 per barrel due to a weaker outlook for demand growth in top consumers China and the US.

As quoted in the market news:

Brent crude gained 36 cents to $108.88 a barrel by 1017 GMT. The global benchmark fell for the last four sessions. U.S. oil gained 17 cents to $92.69, after sliding to $92.18.

Click here to read the full Reuters report.