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WTI Slips To Eight-Month Low As Doubts Surround Europe Recovery

The price of WTI crude fell to $77.69/B on 28 June, its lowest point in eight months, as investors expressed their worries over Europe’s ability to solve its ongoing financial crisis. A meeting among EU leaders in Brussels served only to reinforce doubt that the group could find its way towards resolute measures. The lack of optimism was translated into a bearish day in the stock markets and a decline...