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Oil falls on euro zone worry, fading stimulus hope
Reuters – Brent crude prices fell on M onday to 16-month lows as pressure from the broad euro zone debt crisis and fading expectations for coordinated central bank action erased gains derived initially from the pro-bailout election result in Greece. Spanish bond yields reached euro-era highs, reminding investors that the region’s economy remains stressed, even as political parties in favor of Greece’s international aid package held talks to form a government. Read Article
Tags: banks, debt wealth, energy resources, Europe, financial system, politics