A generic image of money and a calculator
Markets

Eurozone Breakup Woes Weigh on Brent

Brent crude oil headed for a second week of losses on Friday as it traded at $107.56 at 7:00 GMT. The commodity has been under pressure ever since the European Union announced the controversial terms for Cyprus' bailout.

In order to secure EU rescue funds, Cyprus would have to raise 5.8 billion euros by imposing a levy on banks that would force account holders to bear the debt burden. Cypriot lawmakers rejected the idea, saying it was essentially robbery.

Read More on International Business Times

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos