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Oil prices fell today

Oil prices fell for a second day in New York because of fears that Europe will struggle to stem the debt crisis that closes the fact decline in U.S. fuel reserves, the largest crude oil consumer in the world.
Oil futures fell as much as 0.4 percent, erasing an increase of 0.2% yesterday. Italian borrowing costs rose to the highest since June 1997 at an auction yesterday, signaling the European crisis could worsen. U.S. crude and fuel inventories may shrink for the second week, according to a Bloomberg News survey before the Energy Department report tomorrow. Baca Lanjutanya..

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