Oil prices fell in Asia on persistent worries over the eurozone's debt crisis. Crude on Nymex for
September delivery dipped further to US$88.3, while Brent North Sea crude for delivery in September settled at US$103. Concerns have revived on deterioration in the long-running eurozone debt crisis as borrowing prices for Spain have hit a new high on Tuesday. This has triggered concerns that Spain may need a rescue. Investor confidence was also dealt a blow after ratings agency Moody's threatened to cut Germany's coveted top credit rating amid fears the eurozone's difficulties could pull it apart.
26-Jul-12 
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