SINGAPORE, Aug 3 (Reuters) - Brent crude fell more than $1 towards $115 on Wednesday after ratings agency Moody's assigned a negative outlook to the United States, stoking concern that demand may fall as the world's top oil user faces longer-term fiscal and economic challenges.
Worries are growing that major economies may slip back into recession as Europe's debt crisis deepens and after global manufacturing data proved disappointing this week. The slowdown is having a direct impact on U.S. oil demand as consumer spending and gasoline use crumble.
Brent