Consistence Of Exports Later

(Reuters) - Brent crude slipped below $111 on Wednesday as concerns over demand growth weighed after Moody's Investors Service cut Spain's sovereign ratings by two notches, adding to uncertainty over the euro zone's debt crisis and economic growth. Moody's said the downgrade was partly due to the challenge Spain faced in meeting its fiscal target because of the region's worsening growth prospects. The cut, ahead of a key meeting of European policymakers this weekend, capped gains in Asian stocks and base metals, and pulled the euro lower. Brent crude fell 25 cents to $110.91 a barrel at 0703 GMT, after slipping as low as $110.82. U.S. crude slipped 11 cents to $88.23 a barrel, after sliding to $87.93. "Participants lack clear confidence in the market and that will result in prices ...

(Reuters) - Brent crude fell below $111 per barrel on Wednesday, dented by worries on the euro zone debt crisis and the demand outlook after Moody's Investors Service cut Spain's sovereign rating. Brent crude fell 49 cents to $110.66 a barrel at 0856 GMT, after slipping as low as $110.32. U.S. crude slipped 7 cents to $88.27 a barrel. Moody's said on Tuesday the two-notch downgrade was partly due to the challenge Spain faced in meeting its fiscal target because of the region's worsening growth prospects. Equity markets were stronger after reports that France and Germany had agreed a plan to boost the euro zone rescue fund to 2 trillion euros. However oil and other demand-sensitive commodities like copper were weighed as investors worried about the consequences of such a deal. "We may ...