LONDON, Dec 17- Oil held around $108 a barrel on Monday as investors' concerns over the progress of U.S. budget deficit reduction talks countered support from signs of a brighter economic outlook in China.
*Iran says oil revenue down by half. LONDON, Dec 17- Oil edged below $108 a barrel on Monday as investors remained concerned over the progress of U.S. budget deficit reduction talks, countering support from signs of a brighter economic outlook in China.
LONDON, Dec 17- Oil edged below $108 a barrel on Monday as investors remained concerned over the progress of U.S. budget deficit reduction talks, countering support from signs of a brighter economic outlook in China.
LONDON, Dec 17- Oil edged below $108 a barrel on Monday as investors remained concerned over the progress of U.S. budget deficit reduction talks, countering support from signs of a brighter economic outlook in China. Brent crude for February was down 42 cents at $107.76 a barrel by 0926 GMT, having earlier risen as high as $108.50.
SINGAPORE, Dec 17- Brent crude held steady above $108 a barrel on Monday, drawing support from a brighter economic outlook for top energy consumer China, although investors remained skittish as U.S. talks to avert a year-end "fiscal cliff" dragged on. February Brent crude had edged up 2 cents to $108.20 a barrel by 0512 GMT.
SINGAPORE, Dec 17- Brent crude held steady above $108 a barrel on Monday, drawing support from a brighter economic outlook for top energy consumer China, although investors remained skittish as U.S. talks to avert a year-end "fiscal cliff" dragged on. Brent crude stretched its gains into Monday, rising 13 cents to $108.31 a barrel by 0240 GMT.
Solid growth from the United States and China will be crucial to reviving the world economy in 2013, particularly with the euro zone likely sliding deeper into recession. A possible budget crisis in the United States at year-end tempered investor optimism, however, and added a big dose of uncertainty to the economic outlook for the year ahead.