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LONDON (Reuters): Brent crude oil slid below US$ 103 a barrel on Friday after rising US$ 3 in the past two sessions as investors were cautious over the tepid outlook for growth in the world’s two largest oil consumers, the United States and China.
Brent slipped 66 cents to US$ 102.75 a barrel by 1030 GMT, after touching a low of US$ 102.56, while US crude was down 63 cents at US$ 93.01.
Brent’s premium to US crude futures edged lower after settling at below US$ 10 on Thursday for the first time since January 2012.
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.