Crude oil prices were steady Tuesday morning after huge losses in the previous few sessions.
The crisis in the euro zone revolving around Greece has spooked investors and given the dollar a large boost, denting most commodity prices.
With its cash running out, Greece is likely to exit the euro zone monetary union upon defaulting on its sovereign debt. Greek voters rejected harsh austerity measures that were once agreed to as part of their rescue plan a few years back.
U.S. crude oil was up 14 cents at $52.67 a barrel, although well off overnight highs near $53.40.
The material has been provided by InstaForex Company – www.instaforex.com