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U.S. crude falls over $1 on eurozone concerns

Published 05/23/2011, 07:46 PM
Updated 05/23/2011, 07:48 PM
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By Himani Sarkar

SEOUL, May 24 (Reuters) - U.S. crude oil fell by $1.05 to $96.65 per barrel in early Asian trade on Tuesday on a stronger dollar due to renewed concerns over euro zone debt.

Fear Europe's debt crisis is spreading sent the euro to a two-month trough against the dollar and a record low against the Swiss franc on Monday, and traders said the currency's decline may not be over yet. [ID:nN23187959]

U.S. crude for July was down 96 cents at $96.74 a barrel by 2343 GMT. (Reporting by Cho Mee-young; Editing by Jonathan Hopfner)

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