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Brent crude falls to lowest since October 2011

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01-06-2012 | 05:27

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Brent crude falls to lowest since October 2011

Oil fell below $100 a barrel on Friday for the first time since October 2011 as weak manufacturing data from China and the euro zone debt crisis raised concerns of a slowdown in demand for fuel.

Brent crude was down $1.80 to $100.07 by 0958 GMT after earlier hitting a session low of $99.60, its weakest since Oct. 4. It dropped 14.7 percent in May, the biggest monthly decline since 2008.

REUTERS

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