New York's main contract, light sweet crude for December delivery, rose slightly by three cents to 82.37 dollars a barrel.

Brent North Sea crude for January delivery was off 13 cents to 84.60 dollars.

Analysts from the Commonwealth Bank of Australia said there were "growing fears that the European debt crisis and tightening policy measures in China will reduce oil demand".

Speculation is building over a possible rescue for Ireland running up to 123 billion dollars (90 billion euros) after Greece was bailed out by the European Union and the International Monetary Fund with 110 billion euros in May.

"Several factors are keeping a lid on oil prices at the moment," said Westhouse Securities analyst David Hart.

"Among these, rising inflation expectations in Asia are increasing concerns that growth in the region will be reined back which would, in turn, moderate increases in crude demand."

Data released last week showed that Chinese consumer prices rose at their fastest pace in more than two years in October, reviving worries that the authorities might hike interest rates again.

del.icio.us	Digg	Reddit
YahooMyWeb	Google	Facebook

Memory Foam Mattress Review

SPACE MEDIA NETWORK PROMOTIONS Solar Energy Solutions Tempur-Pedic Mattress Comparison ... Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News