March 20, 2012 / 7:07 PM / 6 years ago

Brent ends down over 1 pct on Saudi supply pledge

NEW YORK, March 20 (Reuters) - Brent crude oil futures ended more than 1 percent lower on Tuesday as top OPEC exporter Saudi Arabia offered reassurances it was ready to meet any supply shortfalls to a market jittery over a potential disruption in Iranian supplies.

In London, Brent crude for May delivery fell for a second straight day and settled at $124.12 a barrel, down $1.59, or 1.26 percent, after trading between $123.20 and $125.44.

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