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Oil falls toward $63, ample supplies and Greece weigh

Brent crude (LCOc1) for August had dropped $1.00 to $63.26 as of 9.45 a.m. EDT, while U.S. crude for July (CLc1) was down 78 cents at $59.67. “Oil markets are not pricing much in terms of Greek risk but most of the European oil demand growth this year is coming from the southern countries,” said Olivier Jakob of Petromatrix in Zug, Switzerland.

Tsipras optimistic on Greek debt deal as banks bleed

Greeks pulled more than 1 billion euros out of their banks in a single day, banking sources said on Friday, as the country edged closer to default despite assurances from Prime Minister Alexis Tsipras that the doomsayers are wrong. The Greek central bank – which has warned that the country’s future in the euro and even the European Union is at risk unless the government strikes a deal with its