Brent North Sea crude for June slid 61 cents to $111.63 a barrel in late afternoon London deals

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Brent North Sea crude for June slid 61 cents to $111.63 a barrel in late afternoon London deals

An oil rig in Kenya. Oil prices back away from multi-month lows on Wednesday, but remained under intense pressure on stubborn concerns over the eurozone debt crisis and signs of weak energy demand in the United States.