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Markets have mostly fallen this week amid investor skepticism that European leaders will be able to quickly resolve the region's debt and economic woes. A European Union summit later this week will address a stimulus proposal to help spur growth. Greece, meanwhile, is trying to water down the austerity measures that were a condition of its international bailout. "The weakening financial markets look like a no confidence vote in the ability of the EU summit to successfully address Greek bailout concerns," energy trader and consultant Ritterbusch and Associates said in a report. "The unresolved euro debt crisis is the primary driver of lower oil prices." In other energy trading, heating oil was up 1.28 cents at $2.5476 per gallon while gasoline futures gained 1.94 cents at $2.5176 per gallon. Natural gas added 0.7 cent at $2.701 per 1,000 cubic feet.
[Associated
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