31.05.2012 - Oil hits 7-month low as risk aversion sweeps markets
Oil dropped more than 3 percent on Wednesday to the lowest level in seven months as fears about the euro zone crisis sparked an erosion in risk appetite across markets. Prices for U.S. benchmark West Texas Intermediate crude futures headed toward their biggest monthly drop since the financial crisis of 2008, breaking below a key technical level as investors headed to perceived safe havens...............................................Full Article: Source
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