Oil Prices Near Two-Month Low

New York, NY, April 11, 2012 -- Oil prices fell below $120 a barrel to close to a two-month low on rising inventories and concerns about demand.

The U.S. Energy Information Administration (EIA) on Tuesday cut its 2012 world oil demand growth forecast.

North Sea Brent was down $0.30 at $119.58 a barrel, after falling as low as $119.05, the lowest since Feb. 17.