07-May-2010 2:10 PM
Europe’s debt woes drag oil back down, as US dollar rises - Friday fuel watch
Analysis
Concern that Greece's debt woes could spread to the rest of Europe is dragging oil prices lower, with the potential for a lower Euro weighing on oil markets. Oil prices dipped below USD76 per barrel briefly during inter-day trading yesterday, ending at a little about USD77, having spent most of the previous week above USD85 per barrel. Meanwhile, the US dollar rose above EUR1.26.
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