Friday, 26 June 2015

Oil prices steady, all eyes on Greece

Oil prices were little changed in thin trade on Friday, with investors focusing on talks aimed at averting a Greek debt default.

Brent crude for August delivery was up 19 cents at $63.39 a barrel by 0334 GMT after ending the previous session down 29 cents, or 0.5 percent.

U.S. crude for delivery in August slipped 6 cents to $59.64 a barrel after finishing Thursday down 57 cents, almost 1 percent.

"Traders and investors are very much on tenterhooks on the outcome (of talks on Greece)," said Ben Le Brun, a market analyst at OptionsXpress in Sydney.

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