Europe

Oil Hits 3-Week Lows as Greek Crisis Worsens; Eyes on Iran

Crude futures hit 3-week lows on Monday as Greece shut its banks and imposed capital controls, causing widespread risk aversion, while Iran looked likely to extend nuclear negotiations with the West to export more of its oil into an oversupplied market.

Greece's Financial Crisis Deepens, Country In Face Off With IMF, ECB

Greek banks and the stock exchange will be shut on Monday after creditors refused to extend the country's bailout and savers queued to withdraw cash, taking Athens' standoff with the European Union and the International Monetary Fund to a dangerous new level.

Analysts Have Seen This Greek Movie Before

If history is any indicator, European fiscal leaders will negotiate some type of agreement with Greece before Greece either defaults or is forced out of the Eurozone.