JOHANNESBURG (Reuters) - Moody's ratings agency placed Africa's sovereign credit rating on review for downgrade on Monday, saying that the decision was prompted by an abrupt change in leadership of key government institutions.
South Africa's sovereign is currently two notches above non-investment grade at Baa2.
(Reporting by Tanisha Heiberg; Editing by Sandra Maler)
NEW YORK (Reuters) -Oil prices were moderately lower on Wednesday as worries over conflict in the Middle East eased and business activity in the world's largest oil consumer slowed, however, a fall in U.S. crude oil inventories put a floor on those losses. Brent crude futures were down 27 cents, or 0.31%, to $88.15 a barrel by 11:30 a.m. EDT (1530 GMT), while U.S. West Texas Intermediate crude futures fell 38 cents, or 0.46%, to $82.98. That reversed some of Brent's gains earlier in the week, buoyed by a weaker U.S. dollar.
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