Brent Oil Falls on Euro Zone Debt Woes

Reuters reported that European debt concerns hurt the price of brent oil.

As quoted in the market news:

ICE Brent January crude fell $1.38 to settle at $106.40 a barrel, after dipping under front-month Brent’s 300-day moving average of $105.98. Brent posted a 1 percent loss for the week.

Click here to read the full Reuters report.