Brent below $108, slips on Iran and ahead of China/U.S. data

Brent crude futures slipped on Wednesday below $108, dropping for a fourth straight day, as supply worries eased and on caution ahead of data from China and the United States, the world’s two top oil consumers.

Numbers due later this week may show China’s exports, factory output and retail sales all edged up in July, in initial signs of the economy stabilizing.

U.S. government data later today on crude stockpiles will give investors an indication of the country’s demand outlook.

ICE Brent currently trading at $ 107,87 while Crude is at $ 105,37.