Oil above $84 as Greece concerns ease after vote Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 02:14 a.m., Monday, June 18, 2012 SINGAPORE (AP) — Oil hovered above $84 a barrel Monday in Asia after Greek election results suggested the country will stay in the euro common currency, reducing the risk of a major upheaval in financial markets and the world economy. The conservative New Democracy party, which supports a bailout agreement Greece agreed to earlier this year, appeared to win enough votes Sunday to form a ruling coalition with another pro-bailout party. Investors were bracing for a victory by parties that favored rejecting the austerity measures needed to ensure bailout money keeps flowing, a move traders feared could spark a financial crisis in Europe and beyond.

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