Oil Market Update : Epic Research Singapore

Oil futures settled at their lowest level in three weeks on Monday as uncertainty surrounding the financial crisis in Greece helped send prices lower for a fourth straight session.

On the New York Mercantile Exchange, West Texas Intermediate crude for August delivery CLQ5, -0.51%  fell $1.30, or 2.2%, to settle at $58.33 a barrel. Prices logged their lowest settlement since June 8.

August Brent crude LCOQ5, -0.40%  fell $1.25, or 2%, to $62.01 a barrel on London’s ICE Futures exchange.

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