Oil Market Update : Epic Research Singapore

Oil prices rose in early European trading Monday as investors grew optimistic over Greek debt negotiations, though persistent oversupply worries remained a factor for oil markets.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in July CLN5, +0.67%  moved above $60 a barrel, up 60 cents or 1%. August Brent crude on London’s ICE Futures exchange LCOQ5, -0.22%  was up 45 cents, or 0.7%, to $63.47 a barrel.

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