Oil Dropped $2.63 After U.S. Equities Fell

Bloomberg reported that oil dropped $2.63 after U.S. equities fell and France updated emergency stockpiles release.

As quoted in the market news:

Futures slipped the most this year and stocks dropped a third day as Standard & Poor’s said Greece may have to restructure its debt again. French Prime Minister Francois Fillon said the prospects of an accord on tapping strategic reserves are good and the International Energy Agency said it is ready to act if supplies are disrupted.

Click here to read the full Bloomberg report.