Oil Fell $1.13 on Concern Over Greece’s Bailout Package

Business Week reported that oil fell $1.13 on concern over Greece’s bailout package.

As quoted in the market news:

Crude for March delivery decreased $1.13, or 1.1 percent, to $98.71 a barrel at 1:15 p.m. on the New York Mercantile Exchange. The contract rose for a third day yesterday, climbing 1.1 percent to $99.84, the highest close since Jan. 19. Prices are up 0.9 percent this week and 14 percent in the past year.

Click here to read the full Business Week report.