Contact Us

Oil Falls On Lingering Concerns About Europe

David McNew/Getty Images

NEW YORK (AP) — The price of oil is falling as Spain’s banking crisis adds to concerns about the weak European economy.

Benchmark U.S. crude on Monday fell by $1.26 to $78.50 per barrel in New York. Brent crude lost 56 cents to $90.42 per barrel in London.

Prices fell after Spain asked for a loan to support banks following a collapse in its real estate sector.

Tropical Storm Debby also appeared to be shifting away from the heart of America’s oil production in the Gulf of Mexico, reducing the chances for a sustained disruption in U.S. supplies.

At the pump, U.S. retail gasoline prices fell by 4 cents over the weekend to a national average of $3.41 per gallon. Experts say gas could fall by another 11 cents by the Fourth of July.

More News from K2 Radio

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://k2radio.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on K2 Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Register on K2 Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!