Mon, 29 Jun 2015 10:54:03 GMT
Oil futures decline amid soaring dollar, Greek crisis
Oil futures for August delivery traded lower, on concerns surrounding Greece's default and therefore strengthening Dollar. In New York, August crude futures lost $1.24 or 2.1% to $58.39 a barrel, however, the London-traded Brent crude oil declined $1.35 or 2.15% to $61.9 a barrel by 10:40 AM GMT. The rising Dollar can make dollar-denominated commodities more costly to countries with