Brent crude settles lower as Cyprus problems fuel demand worries
NEW YORK, March 21 |
NEW YORK, March 21 (Reuters) - Brent crude futures fell on Thursday as Cyprus struggled to raise enough money to qualify for a bailout and avoid a banking collapse, reviving worries about the outlook for petroleum demand in Europe.
Brent May crude fell $1.25, or 1.15 percent, to settle at $107.47 a barrel, having traded from $107.08 to $108.75. (Reporting by Robert Gibbons)
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