Home The BuzzMorning briefing: 4 Dec 2012

Morning briefing: 4 Dec 2012

by Executive Staff

Brent crude slipped toward $110 per barrel on Tuesday as demand concerns moved into focus after weak manufacturing data from the United States, the world's top oil consumer, while its uncertain fiscal deficit negotiations also kept investors on the edge. More from Reuters   Gold edged lower on Tuesday as the uncertainty about the US budget talks kept investors on the edge, offsetting positive news from debt-laden Europe that helped keep the euro steady near its highest level in more than one month. More from Reuters   Iraq's oil exports fell to 2.62 million barrels per day (bpd) in November from 2.622 million bpd the previous month, the oil ministry said on Tuesday. More from The Daily Star   Saudi Arabia will need to invest over 500 billion riyals ($133 billion) over the next 10 years to meet rapidly rising power demand, Saudi Water and Electricity Minister Abdullah al-Hussayen said

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