Brent oil futures open today’s trading session back at $110 a barrel as the latest EU debt concerns hit oil prices as investors fretted that Europe may not find a way through its debt woes. Latest Brent Oil Price In London, Brent crude oil futures for October 2011 delivery was trading at $110.61 a barrel, 08.50 GMT this morning on the ICE Futures Exchange. EU Debt Concerns Stock markets around Europe fell on Monday after senior politicians in German Chancellor Angela Merkel’s center right coalition started talking openly about the possibility of a Greek default, raising concerns among investors already spooked by the surprise resignation of a ECB board member last week. “This week is likely to begin with the same problems still dominating the market. It will be the euro zone that dominates proceedings yet again as the major equity markets remain laced with fear and uncertainty over the lack of any resolution to the ongoing crisis.” said James Hughes, a senior market analyst at Alpari, London. Officials in Chancellor Angela Merkel’s government in Germany are debating how to shore up German banks should Greece fail to meet the budget cutting terms of its aid package.

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