A man fills up at a gas station in Lille, northern France.
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Business Bites: Oil prices drop after 43 months

2 March 2012 Last updated at 17:08 GMT

Oil prices have dropped down from a 43-month high after Saudi Arabia denied reports that one of their key pipelines had exploded.

Brent crude fell back to $124.9 a barrel and US light crude fell slightly to $107.9.

Meanwhile, global markets seem unfazed despite the many challenges still facing Europe.

The BBC's Maryam Moshiri discusses the key financial stories of the day.