Oil prices fell today as new fears arose over Italy’s sovereign debt crisis, which is threatening eurozone stability.
Brent crude dropped by 21¢ to stand at $114.35 a barrel, and US crude traded 1¢ lower at $95.51 a barrel.
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Italy’s rising bond yields are expected to risk the debt-ridden country’s fundraising ability, according to Reuters; however, losses were limited by a potential supply disruption from Iran and seasonally strong demand for fuel.
