Brent falls below $112 as cliff rally loses steamBrent crude slipped below $112 a barrel on Thursday as investors' focus shifted from a deal to avert the US "fiscal cliff" to rising oil supply and more budget battles ahead in Washington. More… |
US fiscal cliff deal sparks broad market rallyEuropean shares, oil and gold rose strongly on Wednesday after US politicians struck a long-awaited deal to avoid a fiscal crisis, while safe-haven dollar and German government bonds fell. Lawma More… |