Wednesday, 03 October 2012 14:26
LONDON: Crude oil prices fell on Wednesday, as weak data from Europe and China dimmed the outlook for demand, while Europe's festering debt crisis added to the gloom.
Brent November crude futures had fallen 90 cents to $110.67 a barrel by 0830 GMT. They ended Tuesday below two critical technical levels -- the 50-day moving average at $112.06 and the 200-day moving average at $112.09.
US November crude shed 54 cents to $91.35 a barrel.
China's official purchasing ...