Brent crude futures fall more than $1

Brent crude futures fell by more than $1 today, reversing the previous day's gains, as soft US economic data spurred fresh fears of looming weak oil demand from the world's top oil consumer while a rebound in the dollar weighed.

By 0712 GMT, Brent futures were $1.21 lower at $108.70 a barrel, after dipping to intra day lows of $108.65 a barrel earlier.

US light crude futures were meanwhile $1.01 lower at $86.86 a barrel.

Reuters