Oil Dropped to a Two-Week Low

Bloomberg reported that oil dropped to a two-week low on concern that Eurozone’s debit crisis is threatening to deter economic growth.

As quoted in the market news:

Crude for January delivery was at $97.99 a barrel, up 22 cents, in electronic trading on the New York Mercantile Exchange at 2:40 p.m. Sydney time.

Click here to read the full Bloomberg report.