Oil below $80 after Euro fall

Crude oil prices have been sinking this week with the plunge in the Euro resulting from serious concerns over the credit worthiness of major European economies including Greece, Spain, and most recently, Portugal.
One barrel of crude oil fell $1.88 to $75.23 in mid-day New York Mercantile Exchange trade Friday (May 7). This is quite remarkable considering just Monday oil prices were at an 18 month high near $87 per barrel.
There have been a number of catalysts affecting oil this week. Despite a huge British Petroleum spill, the pressure …Forex Rate – Forex and Exchange rates

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