NEW YORK: Oil prices dipped, weighed down by German economic data and concerns about the brewing fight over the US debt ceiling stoked concerns about fuel demand.
Brent futures for February fell 83 cents to $111.05 per barrel by 1739 GMT. The contract, which expires on Wednesday, settled $1.24 higher in the previous session.
US oil slipped 30 cents to $93.84 a barrel.
Worries about supply disruption from the Middle East have helped counter demand weakness in recent months.
Oil prices down
