Euro Debt Crisis Drives Crude Oil Lower –

The European debt crisis continued to weigh on crude oil prices in Monday trading.  Crude oil prices fell below $79 ahead of a two day meeting of European Union leaders.  Oil also fell as Tropical Storm Debby showed signs of weakening.  Oil and gas platforms in the Gulf of Mexico are expected to resume production early this week.

To read a related Fox Business article, please click here:

Jim Sutliff

This entry was posted in Banking, Bonds, Currency, Economic News, Euro, General, Investments, Natural Gas, Oil, Options & Futures, Trading. Bookmark the permalink.