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Oil prices tumble amid Greek woes
June 17, 2011
Oil prices fell to a fresh four-month low Friday as jitters about Greece’s debt crisis continued to weigh on investors.
In electronic trading, oil for July delivery fell nearly 3% to $92.12 a barrel, its lowest intra-day level since Feb. 22 — before heading back up to $93.81 later in the morning.
Fears about Greece defaulting on its debt have kept investors on edge for more than a year, but they escalated this week after riots erupted in Athens in response to austerity measures.
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