US Crude Dips to $99.25 a Barrel as Dollar Strengthens
US crude fell to $99.25 a barrel as the Dollar strengthened after Eurozone ministers failed to reach an agreement over a second bailout package for Greece. Brent crude for August LCOc2 shed 22 cents to $119.13 a barrel while US crude shed 12 cents. US gasoline stocks rose
US crude fell to $99.25 a barrel as the Dollar strengthened after Eurozone ministers failed to reach an agreement over a second bailout package for Greece.
Brent crude for August LCOc2 shed 22 cents to $119.13 a barrel while US crude shed 12 cents.
US gasoline stocks rose by 1.1 million barrels last week, which may also result in decreased fuel demand, reports Reuters.