Brent steady above $110, Greek debt counters Iran
1/23/2012 10:49:21 AM
SINGAPORE: Brent crudefutures held steady around $110 on Monday as concerns about European demand countered worries about supply disruptions from the Middle East due to simmering tensions between the West and Iran.
Euro zone finance ministers will on Monday decide what terms of a Greek debt restructuring they are ready to accept as part of a second bailout package for Athens. Resolving the issue is key to avoiding a chaotic default that could threaten the entire currency bloc.
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