Credit: Shutterstock photoBrent crude oil remains under pressure as the US 'fiscal cliff' talks continue to create uncertainty in the market. The commodity slipped under $109 on Friday morning, trading at 108.37.
The slide was mostly caused by Republican Speaker of the House John Boehner's harsh comments about his ongoing negotiations with the White House. President Barack Obama has proposed a revised fiscal plan to lower the country's deficit and avoid the bundle of tax increases and spending cuts set to kick in on January 1. However, Boehner refused to compromise with those terms, and the two political parties remained at a stalemate.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
