U.S. crude down over $3 after French, Greek elections

SEOUL, May 7 (Reuters) – U.S. crude futures dropped more
than $ 3 a barrel and Brent crude also fell more than $ 2.50 a
barrel on Sunday after Greek voters mauled pro-bailout parties
while French voters ousted incumbent President Nicolas Sarkozy,
a key architect of bailouts for indebted countries and an
advocate of austerity measures.