Crude Oil Futures Erase Gains in New York and London

Crude oil futures reversed gains in London and New York after Euro-area finance ministers tempered optimism that a deal on Greece was in the offing.

West Texas Intermediate for July delivery, which expires Monday, slipped 32 cents to $59.29 a barrel on the New York Mercantile Exchange at 9:06 a.m. local time.

Brent for August settlement fell 32 cents, or 0.5 percent, to $62.70 on the London-based ICE Futures Europe Exchange.

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