Oil retraces gains after EIA report

FXStreet (Córdoba) - Crude prices turned lower and erased daily gains after the US Energy Information Administration reported a decline of 2.7 million barrels in crude supplies for the week ended June 12.

Crude oil fell to $60.40 a barrel to trade nearly flat on the day from $61.60 a barrel before the data was released.

Greece crisis continues, Key Eurogroup meeting ahead – BBH

The Brown Brothers Harriman Team summarizes the key developments surrounding the Greece debt deal and austerity issue.
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AUD/USD resumes downtrend and trades at 1-week lows

After a brief rebound from 0.7670 to 0.7700, the AUD/USD resumed its downtrend from the 0.7755 priced in the Asian session to trade at lows since June 10 at 0.7660. AUD/USD is falling for the fourth day in the last five, mostly fueled by the weakness in commodity and iron ore prices.
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