May 6, 2010 / 5:26 PM / 9 years ago

U.S. crude falls $2 amid Greece contagion concerns

NEW YORK, May 6 (Reuters) - U.S. crude oil futures fell more than $2 and hit a 10-week low on Thursday as concerns that the Greek debt crisis could engulf other euro zone economies fueled worries about demand for oil.

The euro tumbled to a 14-month low against the dollar after the European Central Bank’s failure to offer any additional measures to ease Greece’s predicaments. [USD/] U.S. stocks fell, pressured by the Greek concerns and by weaker-than-expected retail sales. [.N]

On the New York Mercantile Exchange at 1:32 a.m. EDT (1732 GMT), June crude CLM0 was down $2.30, or 2.88 percent, at $77.67 a barrel, trading from $77.27 to $80.39.

That $77.27 intraday low was the weakest price for front-month crude since prices fell to $77.05 on Feb. 25. (Reporting by Robert Gibbons)

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