Risk On as Greek Austerity Plan Got Approved

Oil prices rallied to the highest level in 2 weeks yesterday as US crude stockpile declined more than expected and the Greek parliament approved the austerity package of 78B euro, with 155 out of 300 lawmakers voting in favor of it. The parliament will vote again on bill details later today. It's likely to be passed again. The front-month contract for WTI crude oil price rose as high as 95.84 before closing at 94.77, up + 2.02%.

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Risk On as Greek Austerity Plan Got Approved