SINGAPORE: Brent oil may retest a support at $113.97 per barrel, a break could trigger a drop to $111.32.

The fall from the Wednesday high of $120.41 confirmed a completion of the bounce from the June 22 low of $107.03 and a continuation of the downtrend from $125.19.

Brent oil may drop to $113.97

Resistance is at $116.11, a break could lead to a gain to $118.25.