Crude Oil Falls amid Euro-Zone Debt Worries
Posted on 03 January 2012 by admin
The price of crude oil fell last week, as continued worries over the euro-zone debt crisis combined with troubling news out of the Middle East helped scare off investors. The commodity has dropped well below the $100 a barrel level and analysts are warning that the trend may continue this week.
Today, traders will want to pay close attention to any news out of the Middle East, and particularly Iran. The country has recently threatened to cut off oil exports. Any further indications that they will do so will likely drive prices down further.



