Greek bailout vote prompts big drop in oil, loonie
Oil and Canadian dollar both at 3-month lows---read breaking story
http://www.cbc.ca/m/news/business/greek-bailout-vote-prompts-big-drop-in-oil-loonie-1.3139492
3 replies (most recent on top)
US - Iran deal - thank Obama.
More layoffs coming ,as early as the middle of July.
Also: Oil traders fear that a U.S.-Iran nuclear deal, which could come as early as this week, could pave the way for exports of Iranian crude to already-glutted world markets. If so, that could send WTI prices tumbling below $50 a barrel, a level not seen since April.
Traders are also concerned that a surprise uptick in weekly U.S. oil inventories last week may signal the start of another build in U.S. supplies once summer driving season peaks.