Crude Pares Gain amid Policy Uncertainty. Greece may Seek Help from the IMF

A reversal is seen in crude oil price after a 2-day strong rally. Pressures to appreciate the RMB (yuan) and step up tightening measures to cool down the economy trigger decline in Asian stocks, commodities and other risky investments. Moreover, concerns over Greek deficit remain haunting and weighing on the euro.

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Crude Pares Gain amid Policy Uncertainty. Greece may Seek Help from the IMF