US crude futures fall on eurozone debt concerns

28 June 2012 22:40  [Source: ICIS news]

HOUSTON (ICIS)--US crude oil futures dropped by $2.52/bbl on Thursday, settling at $77.69, following concerns that European Union leaders at a summit in Brussels would fail to find a resolution to the continent’s debt worries.

News that the US Supreme Court largely upheld President Obama’s healthcare reform law also tended to drag down commodities along with other stock prices.

August Brent closed the day at $91.36/bbl, down $2.14, largely on the same eurozone concerns.

Additional reporting by Michelle Klump

By: Ken Fountain

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