Markets

Oil Price Supported by Hedge Funds

Oil Drops From One-Week High in New York on Europe Debt Concern

Oil fell from the highest level in almost a week as concern that European debt-crisis talks will falter and threaten the economic recovery outweighed concern tension in the Middle East will disrupt crude supplies. New York futures slid as much as 1.2 % after Chancellor Angela Merkel and President Francois Hollande clashed over the weekend on a timetable for starting joint oversight of the Europe's banking sector.

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