Oil
prices declined on Greece concerns
June
30, 2015
Crude oil has
continued its decline to trade below three-week lows on Tuesday as investors are
monitoring the developments in Greece after the bank shutdown, and increasing
fears about the exit of Greece from Euro area. These worries
have kept the investors away from riskier assets. On the other hand the main
focus turns this week to the negotiations between the United States and Iran.
Any agreement will increase the oil exports and put more pressure on crude oil
prices as the global commodity markets are already suffering from
oversupply.
