IBT:Brent hovers around $108.50 on U.S. fuel demand concerns after Sandy
(Reuters) - Brent crude hovered around $108.50 a barrel on Thursday as investors focused on concerns that storm Sandy's rampage across the U.S. East Coast could reduce fuel demand, although data pointing to recovery in China offered some support.
Industrial activity in China improved in October, confirming a trend toward recovering growth, though the recovery remains sluggish.
Investors also kept to the sidelines on an uncertain political outlook in the world's two largest oil consumers as Americans head to the polls and new top Chinese leaders take over.
