Brent crude futures dipped by almost 2% to US$62, while US crude fell by 2.2% at US$58.3 a barrel. Crude futures hit 3 week lows as Greece shut its banks and imposed capital controls, causing widespread risk aversion, while Iran looked likely to extend nuclear negotiations with the West to export more of its oil into an oversupplied market, as per Reuters. Greece has shuttered banks, closed cash machines and is thriving with rumors and conspiracy theories on a breakdown in talks between Athens and its creditors plunged the country deep into crisis.
30-Jun-15 
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