Oil prices fell this evening after the Greek decision to call a referendum over its debt bail-out revived concerns about the euro zone. Chinese and UK manufacturing data also pointed to more global economic slowing.
The euro recovered some losses and oil prices moved off earlier lows after Germany's Angela Merkel and France's Nicolas Sarkozy agreed in a phone call to continue to push implementation of last week's EU summit decisions.
Brent crude fell $2.70 to $106.86 a barrel, having slumped as low as $106.10. US crude fell $3.03 to $90.16.
