The Traderszone Network

Published in TZ Latest News 25 January, 2015 by The TZ Newswire Staff

Oil falls after Greek election sends euro tumbling

Oil slid in early Asian trade on Monday, with U.S. crude falling close to a six-year low, after Greece’s election results heightened uncertainty in the euro zone and depressed the bloc’s currency against the dollar. Greece’s left-wing Syriza appeared on course to trounce the ruling conservatives in Sunday’s snap election, setting up a possible confrontation with international creditors. March Brent crude fell 44 cents to $48.35 a barrel by 0442 GMT, wiping out light gains made on Friday after the death of the Saudi King Abdullah, but off an early low of $47.85.

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