Oil prices lower over eurozone debt worries
Channel News Asia
Oil prices fell on Monday with the demand outlook uncertain as Europe's leaders met on containing the eurozone debt crisis and Greece was locked in debt reduction talks with its creditors. Matt Smith of Summit Energy said the lack of tangible progress in Europe after months of talks had pulled the market down."Because we keep re-addressing the same issues, the further we move along there appears to real concerns of stalemate... and today's price has been really driven by that."
