Brent slips towards $105 after gains

Brent futures slipped back towards $105 per barrel on Tuesday as investors saw the recent surge in prices as an opportunity to sell and book profits, with concerns of an escalation in tensions in the Middle East helping to stem losses.

Oil price: Brent futures slipped back towards $105 per barrel on Tuesday after hitting a near one month high on Monday
Oil price: Brent futures slipped back towards $105 per barrel on Tuesday after hitting a near one month high on Monday
Published 7 May 2013, 05:04Updated 7 May 2013, 05:05