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WTI Crude Oil breaks 90 bbl level on EuroCrisis

The US WTI Crude Oil price dropped sharply Wednesday and broke the important support mar at 90 bbl as protests in Spain and Greece added to concerns about the Eurozone debt crisis.

Protests against the government's austerity measures erupted in Athens on Wednesday and turned violent. Similar protests occurred earlier in Madrid. The situation fueled uncertainties about the two countries' ability to resolve their serious debt problems.

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

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