The Traderszone Network

Published in TZ Latest News 21 June, 2015 by The TZ Newswire Staff

Oil prices unchanged as worries ease over Greek debt

Oil prices were unchanged in Asian trade on Monday, after initially falling on concerns about the outcome of a eurozone meeting later in the day on the Greek debt crisis , although worries about oversupply still weigh on the market. Prices rebounded from early lows after a European Commission official tweeted the latest proposal from Greece was a “good basis for progress” in Monday’s talks. “On a 24 hour basis we’ll see some volatility depending on what happens with Greece,” said Ric Spooner, chief market analyst at Sydney’s CMC Markets.