“(Reuters) – Brent crude oil fell below $115 a barrel on Monday, heading for its first monthly decline this year, as investors weighed the prospect that Europe’s debt crisis and a sputtering U.S. economy may slow demand.
Public holidays in the United States and the UK on Monday were limiting trading volume. The U.S. driving season, when gasoline demand usually rises, traditionally starts after Monday’s Memorial Day holiday.
Brent crude slipped 28 cents to $114.75 a barrel by 11:43 a.m. EDT, trading within a narrow 76-cent intraday range. U.S. crude dropped 21 cents to $100.38.”
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