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Monday, June 18, 2012

Oil prices slide as Greece optimism fades

A worker collects crude oil sample at an oil well operated by Venezuela's state oil company PDVSA in MorichalLONDON (Reuters) - Oil prices fell towards $96 a barrel on Monday, erasing early gains after a pro-bailout vote in Greece failed to ease concerns about the euro zone while analysts said oversupplied crude markets would cope with any loss of Iranian oil. Pro-bailout parties in Greece will form a government after a narrow election victory over the left that eased fears of a sudden exit from the euro. ...