The Traderszone Network

Published in TZ Latest News 22 February, 2015 by The TZ Newswire Staff

Brent edges up on cautious optimism over Greek debt compromise

Oil prices edged up after early falls on Monday as parts of Asia returned from the Lunar New Year holiday, with Brent futures moving further away from $60 a barrel and U.S. contracts moving towards $51. Brent and U.S. WTI crude futures were helped by cautious optimism that another eurozone crisis over Greek debt had been averted for now by a compromise between Athens and its creditors. Benchmark Brent crude futures were trading at $60.36 a barrel at 0356 GMT, up 14 cents from their last settlement, while U.S. WTI crude was up 10 cents at $50.91 a barrel. U.S.

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