On the back of the fall in equities, Brent crude has slipped again to USD 111 per barrel. According to Jim Nicholson, Vice President Asia of Argus Media Ltd, the price of oil is driven by the psychology of people.
In an interview to CNBC-TV18, Jim Nicholson, vice president Asia, Argus Media Ltd said, he sees Brent in USD 105-115 per barrel range in the short-term.