US Crude Dips to $99.25 a Barrel as Dollar Strengthens

14 June 2011 (Last Updated June 14th, 2011 18:30)

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.