Oil Rebounds From Two-Month Low as Traders Watch Greece
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Oil recovered from a two-month low as traders weighed the latest developments in the Greek debt crisis and Iran’s disputed nuclear program. U.S. benchmark futures capped their biggest quarterly gain since 2009.
Greece requested a new two-year bailout program from the euro region as the country edged closer toward a financial precipice. The U.S. and Europe formally extended the terms of their interim agreement with Iran in order to win time to settle on a deal.