Oil Prices Nudge Higher

Oil Prices Nudge HigherOil Prices Nudge Higher

Oil prices nudged higher in Asian trade on Monday, after initially falling on concerns about the outcome of a eurozone meeting on the Greek debt crisis later in the day and continuing worries about global oversupply. Prices rebounded from early lows after a European Commission official tweeted the latest proposal from Greece was a "good basis for progress" in Monday's talks. Oil prices fell nearly 2 per cent on Friday over worries about a Greek debt default, Reuters reported.