Crude prices are again on the decline after King Salman Bin Abdulaziz, who took over after the death of King Abdullah on Friday, pledged to maintain the policies of his predecessor in a speech on Saudi national television.
Greece's election results have also increased uncertainty in the euro zone, pushing down prices further. Brent is 1.6% lower at $48.02/bbl, while WTI is also down 1.6% at $44.87.
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