Brent crude for August had slipped 42 cents to $63.84 as of 0856 GMT, while U.S. crude for July was down 44 cents at $60.01. "Oil markets are **t pricing much in terms of Greek risk but most of the European oil demand growth this year is coming from the southern countries," said Olivier Jakob of Petromatrix in Zug, Switzerland. "Therefore, if there was a Greek default and a contagion of a risk premium to other southern European countries it could have a negative impact on European oil demand." Saudi Arabian oil minister Ali al-Naimi said he was optimistic about the market in coming months, given increased demand and falling inventories, state media reported on Thursday.
06-19-2015, 03:02 PM
Oil eases below $64, ample supplies and Greece weigh
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