Oil prices eased after soaring to a 9-month high after Eurozone PMI missed expectations. Concern over weak economic outlook in the 17-nation region re-emerged, upstaged the newly approved bailout package to Greece and escalated Iranian tensions. The front-month contract for WTI crude oil moved within a narrow range of 105.62 and 106.41 ahead of US opening. The equivalent Brent crude contract also eased a bit.
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Oil Eases after Disappointing Eurozone PMI
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