Wednesday, September 21, 2011

Oil plunges below US$87 in Asia

Asian crude oil prices plunged below US$87 a barrel with investors' worries about the debt crisis in the Eurozone fueling a stronger U.S. dollar. The euro has weakened this month amid growing fears thhat a possible debt default in Greece could trigger similar moves in Portugal, Ireland, Italy and Spain as well as a banking crisis.

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