Brent nears $113 as slide continues

Worry: oil prices continued to slide on Tuesday following Monday's steep losses

Oil slipped below $114 a barrel on Tuesday, extending Monday's slide, as investors' focus shifted from central bank stimulus to slowing global growth and on signs that Saudi Arabia is pumping at high rates to dampen prices.

Oil slipped below $114 a barrel on Tuesday, extending Monday's slide, as investors' focus shifted from central bank stimulus to slowing global growth and on signs that Saudi Arabia is pumping at high rates to dampen prices.

A senior Gulf source said Saudi Arabia, the top crude exporter, was pumping around 10 million barrels per day - near the highest rate in decades - and added a majority of OPEC producers wanted oil prices around $100.

"Unless there is a major supply disruption in the Middle East, there is nothing to push it…

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