Editor’s Picks 06 July 2015 at 22:39 GMT

Oil price tanks on Greek vote, China worries

The Australian Financial Review
Oil prices suffered their biggest selloff in five months on Monday, falling as much as 8% as Greece's no vote and China's stockmarket woes sparked a spiral of losses. Brent fell below $60/barrel mark for the first time since April. Adding to the pressure on oil, Iran and global powers were trying to meet a July 7 deadline on a nuclear deal, which could bring more supply to the market if sanctions are eased. The deadline could be extended again, officials said. Commodities were sucked into the turmoil that has seen Chinese shares fall as much as 30% since June.
Read full article at The Australian Financial Review

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