Oil declined in London for the first time in five days amid speculation that the European Union�s economy will fail to grow, as the region�s leaders gathered in Brussels for a two-day summit. Brent crude fell as much as 1.2 percent as the EU continued to battle the financial crisis that claimed Cyprus this week as its fifth victim. The euro reversed an advance against the dollar and European equities declined as Germany reported that unemployment in the euro region�s biggest economy rose for a fourth month this year. The U.K. remains in recession after reporting today a 0.3 percent decline in gross domestic product in the last quarter.


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