World oil prices slipped today, after heavy losses last week, as traders eyed the stronger dollar amid ongoing jitters about the economic impact of the euro zone debt crisis.
New York's main contract, light sweet crude for delivery in July, fell 30 cents to $70.34 a barrel. London's Brent North Sea crude for July eased ten cents to $71.58 a barrel.
Crude oil prices had plunged in value last week, nearing 10-month lows, as traders worried about the euro zone crisis, weak US unemployment data and falling global share prices.
The euro plummeted last week to a four-year dollar low, as fears grew about massive debt and high public deficits in the euro zone.
Oil market analysts said that supply still outweighed demand, while the European debt crisis remains a key concern for investors.
