Friday, June 12, 2015

Oil prices fall as dollar gains from Greece woes

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Oil prices fall as dollar gains from Greece woes

[LONDON] Oil prices fell on Friday with the dollar rising as traders grew concerned about Greece's troubled debt negotiations, traders said.
US benchmark West Texas Intermediate for delivery in July dropped 55 cents to US$60.22 a barrel compared with Thursday's close.
Brent North Sea crude for July eased 34 cents to stand at US$64.77 in London afternoon deals.
Oil prices turned "bearish after the dollar's rally against the euro on Greek debt worries weighed on demand for commodities", United Overseas Bank said in a market commentary.

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