Markets

Brent steady at $103 on worries about euro zone, U.S. economies

(Reuters) - Brent remained steady at $103 a barrel on Wednesday as worries about oil demand from the troubled euro zone and the United States offset any gains to prices sparked by concerns about oil supply from the Middle East.

The euro zone's private sector shrank for a sixth month in July as manufacturing output nosedived, notably in the core countries of Germany and France , adding to the likelihood that the bloc will slump back into recession, business surveys showed on Tuesday.

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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.

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