Oil price slumps Monday after Greek votes 'No' to bailout


TOKYO: Oil prices slumped in early Asian trade on Monday after Greeks rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership into further doubt.

U.S. crude fell 71 cents to $54.81 at 0828 Tokyo time. Brent was down more than 1 percent at $59.60.- Reuters

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