Oil Prices Plummet on Greece Unrest

New York, NY, June 16, 2011 — Oil prices plunged more than 4% Wednesday to their lowest level in nearly four months.

Fears over Greece’s debt issues pushed oil prices down $4.56, or 4.6%, to $94.81 a barrel, its lowest close since Feb. 18.

Oil has been in somewhat steady decline for weeks now after hitting more than $110 a barrel earlier this year.