Oil prices dropped to near $80 a barrel Thursday as markets awaited a meeting between Europe's leaders menat to find solution's to the region's debt crisis. Benchmark oil prices were down 17 cents to $80.04 per barrel.
A rare double dose of good news about the US economy sent stocks surging up Wednesday. The Dow Jones industrial average rose 92 points, contributing to a closing bell tally of 12,627, despite continued fears about the eurozone crisis.
Germany's Angela Merkel made her most forceful comments yet on the possibility of providing shared eurobonds and an FDIC-like guarantee for bank deposits. The Reformed Broker composes a poem in honor of the occasion.