Yahoo News UK | Oil below $63 as Greece defaults, OPEC 'floods market' Yahoo News UK LONDON (Reuters) - Oil fell below $63 a barrel on Wednesday after Greece defaulted on its debt to the International Monetary Fund while U.S. and OPEC production hit new highs, prompting concern about risks to the economic outlook and ample supply. Remember All That Oil in Storage? Here It Comes Oil prices regain ground Oil bounces off three-week lows as Greek debt default looms |