Oil Dropped amid EU Finance Ministers' Meeting on Greece

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Oil declined on European Union officials meet to find solution for Greece to escape fiscal abyss after they decided to give Greece 2 more years to cut budget deficit on November 12 and after they failed to reach an agreement at all-night meeting last week. January-delivery crude oil dropped 78 cents to $87.50 per barrel, while the contract for brent oil January delivery lost 0.5% and was settled at $110.83 per barrel.
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