Oil slips under US$111 as US fiscal worries weigh

LONDON, Nov 30 — Brent crude oil fell below US$111 (RN337) a barrel today as a lack of progress in US budget talks to avert a fiscal crisis darkened the outlook for demand in the world’s biggest oil consumer. Top US Republican lawmaker John Boehner said yesterday talks to avert US$600 billion worth of tax hikes and spending cuts, the so-called