WTI crude oil futures open Monday’s trading session at $88 a barrel as oil prices remain uncertain on concerns surrounding any firm European debt agreement later this week after the UK and French head’s of state fall out over the weekend. Latest WTI Oil Price US Light crude oil futures for December 2011 delivery was trading at $88.53 a barrel, 07.20 GMT this morning in electronic trading on the NYMEX. The US contract ended last week’s session at $87.60. Euro Tensions A bust up between head’s of state Cameron and Sarkozy held up the conclusion of the EU 27 summit for almost two hours, with the French president expressing rage at the constant criticism and lectures from UK ministers. Sarkozy bluntly told Cameron: “You have lost a good opportunity to shut up.” He added: “We are sick of you criticising us and telling us what to do. You say you hate the euro and now you want to interfere in our meetings.” Officials who witnessed the angry exchanges between Cameron and Sarkozy said the prime minister insisted that the package to be adopted on Wednesday by the 17 eurozone countries had serious implications for non euro countries in the EU and their interests must be safeguarded. Oil prices, stock markets and currency traders remain on edge over the euro debt situation which will have a big impact as details emerge later this week on the path forward for the euro.

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