GreeceDebtCrisis

Oil Falls as Worries About Europe Debt Crisis Continue

Concerns about the European financial crisis are still dragging down the price of oil. Benchmark crude for July delivery fell 32 cents to $92.69 per barrel in Monday midday trading. All eyes remain on Greece, which is trying to implement tough new austerity measures necessary to keep international aid coming.

The Financial Landscape: No Bailout Yet for Greece

The financial world Monday morning is focused on Greece. E.U. finance ministers postponed agreement on a bailout until they see proof that its government will follow through on austerity measures. Meanwhile, some big U.S. firms say that a generous tax break would help them expand their domestic operations.