Oil prices tumble amid Greek referendum outcome

Note: This section contains information in English only.
Source: Marketwatch
On Monday, oil futures declined sharply after Greek voters said ‘no' to international creditors' demands for a bailout plan. New York-traded Crude declined 4.7% to $54.26 a barrel, while the London-traded Brent Crude traded 2.9% lower to $58.57 a barrel by 11:15 AM GMT. Moreover, oil prices were affected by high levels of oil-inventories in the US and the possibility of Iran entering the oversupplied market. 

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