Tag: Oil

Gasoline and heating oil fell

Feb. 10 (Bloomberg) — Gasoline and heating oil fell as commodities retreated on concern that Greece’s bailout was unraveling over German demands for deeper budget cuts and that the region’s debt crisis would spread.

Oil prices, global stocks fall; gold rises

Concerns about the debt crisis have weighed on oil markets in recent weeks, adding to worries about weak US economic data that could hit fuel demand.

“It doesn’t look like the two biggest items were seriously discussed today — the potential for a euro bond and the size of the stabilization/bailout fund,” said Edward Meir, senior commodity analyst for MF Global in New York.
Crude prices dropped before the meeting as data showed sluggish German growth hobbled the euro zone, dragging US stocks. The euro slid against the dollar.