Oil futures prolonged last week's pullback and closed today at their lowest price since Dec. 19. Questions about global demand moved into focus as Greece's political turmoil pushed the country closer to losing its euro-zone membership, and as anxieties over a slowing Chinese economy hit the Street. Crude for June delivery fell $1.35, or 1.4%, to end at $94.78 a barrel.
Similarly, gold futures dipped today, as the malleable metal weakened in step with oil and stocks. As the U.S. dollar got a safe-haven boost, June-dated gold hacked off $23, or 1.5%, to settle at $1,561 an ounce -- its lowest closing price of 2012.
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Recent XIV Action May Bode Well for Bulls
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