Reuters UK | Oil falls below $63 as Greece defaults, supply soars Reuters UK As well as Greece becoming the first developed economy to default on an IMF loan, oil came under pressure from a surprise gain in U.S. crude stocks reported by the American Petroleum Institute (API) and the prospect of higher Iranian oil exports. Brent ... Output Cuts in Brazil and Iraq Augur Risks of Oil Shortage Oil prices down over 1 percent as Greece defaults, output soars Oil prices fall after Greece defaults on IMF loan |