NYMEX crude oil futures fell 2.2% on the 18th session, the outstanding debt crisis in Europe and the U.S. debt hurt market sentiment, while the euro against the dollar hit one week to one-day decline further pressure prices.
        Integrated media reported on July 18, the New York Mercantile Exchange (NYMEX) crude oil futures fell 18 plate, as investors bet the worsening debt crisis in Europe could slow economic growth, thereby inhibiting the demand for fuel, and the euro against the dollar hit a week single-day decline.
        New York crude oil futures fell as much as 2.3 percent, due to speculation that European leaders this week's summit will not solve the debt crisis in the region to reach agreement. Meanwhile, U.S. lawmakers because of concerns about two weeks before the deadline will not increase its debt ceiling within reach agreement, stock prices, also dragged down crude futures.
        Tradition Energy analyst Gene McGillian said, "some concerns about the debt crisis weighed on the market seems to be the beginning of this week, the dollar higher oil price factor is suppressed."
        EDT 10:19, NYMEX 8-month crude oil futures fell $ 2.11, or 2.2 percent, at $ 95.13 / barrel. Earlier, the contract touched $ 95.02 / barrel low.
        The euro fell 0.8 percent against the dollar, quoted at 1.4038. A weak euro and the dollar stronger inhibition of commodities as an alternative investment appeal.
        Eight banks in the euro area failed to pass pressure testing, 23 European leaders plan to convene a special summit week. European Central Bank (ECB) President Jean-Claude Trichet (Jean-Claude Trichet) reiterated his opposition to any form of the Greek debt restructuring.
        Jefferies Bache Ltd. Senior broker Christopher Bellew said, "The market retracement of 18 morning, the dollar, so the overall commodity outlook is less positive. London Brent crude has been in the $ 105 / barrel to 120 dollars / barrel range fluctuations, but here there is plenty of unpredictability. "
        S & P 500 index fell 1.1 percent, at 1301.20 points, the Dow fell 152.13 points, or 1.2 percent, at 12,327.60 points. (Liu Zhi)