Oil Drops As European Finance Minsters Meet To Discuss Greece

Oil fell as euro-area finance ministers met to arrange a bailout payment for Greece and as American leaders prepared to wrestle with a budget agreement.

As quoted in market news:

The outcome of the European finance ministers’ meeting is the main focus of the markets today. Given the direction the market is moving, it appears most people aren’t expecting a positive outcome.

Click here to read full Bloomberg article.