Oil prices steady

AFP, LONDON: Oil prices steadied yesterday as traders eyed the possible return of Iranian crude to the global market with supplies already at high levels, analysts said.
The market was responding also to movements in the euro against the dollar, and how that affects demand for dollar-denominated crude oil, awaiting a deal on Greece’s bailout terms, reports AFP from AFP.
Iran and major Western powers are racing to agree a deal by June 30 that would see Tehran open up its nuclear programme to allay concerns it is seeking atomic weapons, in return for the West lifting punishing economic sanctions.

Oil prices steady

AFP, LONDON: Oil prices steadied yesterday as traders eyed the possible return of Iranian crude to the global market with supplies already at high levels, analysts said. The market was responding also to movements in the euro against the dollar, and how that affects demand for dollar-denominated crude oil, awaiting a deal on Greeces bailout terms, reports AFP from AFP. Iran and major Western powers are racing to agree a deal by June 30 that would see Tehran open up its nuclear programme to allay concerns it is seeking atomic weapons, in return for the West lifting punishing economic sanctions.