Economics Oil slipped on Monday, with Brent near $109 a barrel, as refineries along the US East Coast lowered run rates ahead of approaching Hurricane Sandy, reducing crude use in the world’s largest oil consumer. More from Gulf Business Egyptian President Mohammed Morsi's next step on the road to salvaging the country's struggling economy will be to cut energy costs with a nationwide curfew for restaurants and shops. More from The National Iran's exports of condensates amounted to more than $1 billion in the last month, a customs official was quoted as saying on Saturday, softening the blow of Western sanctions on its crude oil sales. More from The Daily Star Iraq's National Investment Commission has said foreign investment in the country is set to drop slightly to $35bn this year, as potential investors, including its Gulf neighbours, hesitate in the face of the continuing regional tensions
