Oil markets fell as concerns over Iran’s supply disruption continued, as well as the risk of a Greece sovereign debt default, which could bring the euro zone into a demand-consuming recession.
Investors are awaiting Greece’s decision on the new EU bailout deal, which is due today.
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Brent crude slipped 6 cents to $114.52, while US crude fell by 55 cents at $97.29 a barrel, reports Reuters.
Oil prices remain supported by Middle East rising tensions, as Iranian leaders continued to threaten military action as a result of over the country’s nuclear plans.
