RTRS:Brent crude falls as low as $111.11 as spread to WTI narrows
* Market to stay range bound ahead of this week's FOMC meet
* Investors watching for U.S. growth outlook, gasoline consumption
* Brent crude to rebound to $115 -technicals
* Coming Up: U.S. API inventory data; 2030 GMT
By Manash Goswami
SINGAPORE, June 21 (Reuters) - Brent slipped on Tuesday on continued uncertainty over the Greek debt crisis, narrowing its premium to U.S. crude futures which rose on bargain hunting after losses in the previous session.
Brent LCOc1 fell as much as 58 cents to $111.11 a barrel, and traded at $111.67 at 0402 GMT. U.S. oil CLc1 gained 39 cents to $93.65 a barrel, after rising to as much as $94.
The sell-off in a key spread between Brent and U.S. futures, which weighed on prices on Monday as well, is because premiums of the North Sea benchmark had gone far too high, analysts said. Brent is also falling due to growing uncertainty over demand in Europe as a result of Greece's debt crisis.
