Crude Falls to Lowest Since April Amid Risk of Greek Euro Exit
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Oil dropped to the lowest level in more than two months in London amid concern Greece’s failure to reach a deal with international creditors will prompt its exit from the euro area.
Global equities fell as the Greek government imposed capital controls and shut banks. French Foreign Minister Laurent Fabius said Iran’s top diplomat, Mohammad Javad Zarif, left nuclear talks in Vienna for discussions with the country’s leaders on removing sanctions, suggesting the issue remains a major hurdle to a deal. Crude stockpiles in Europe’s trading hub rose to the highest in at least two years.