International oil prices and U.S. and European stock prices slid on Wednesday amid fears over Greece’s worsening debt crisis.

The Dow Jones Industrial Average fell one-and-a-half percent to close at 11-thousand-897 on Wednesday. The Nasdaq composite index fell one-point-seven percent to two-thousand-631.

Concerns about Greece’s financial turmoil escalated when a meeting of European financial ministers failed to come up with ways to assist the
debt-stricken nation.

Global oil prices also dropped sharply following the strengthening of the dollar that resulted from the weakening of the euro.

The Western Texas Intermediate for July delivery fell four-point-six percent to stand below 95 dollars a barrel for the first time in four months.