MW: Oil drops on worries about U.S., European debt
By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Crude-oil futures dropped Monday on concerns about U.S. debt limit and Europe's ongoing sovereign-debt crisis. Crude for August delivery CL1Q -1.18% declined $1.11, or 1.1%, to $96.12 a barrel on the New York Mercantile Exchange. Other energy products also declined, with August gasoline RB1Q -0.86% down 0.9% to trade at $3.10 a gallon.
