Brent at 27-Month Low

Brent at 27-Month LowBrent at 27-Month Low

Brent crude oil fell towards $92 a barrel on Tuesday, pushing towards 27-month lows as weak demand and ample supply outweighed the price support from a weaker dollar. A slump in the dollar on Monday helped stem oil's decline. Global benchmark reached a low of $91.25 on Monday before recovering in late trading, Reuters reported.