Brent crude oil traded steadily at $108.12 at 7:12 GMT on Tuesday morning after the Cyprus bailout deal averted an immediate financial crisis, but caused uncertainty about its potential to set a precedent for future banking restructures.
The last minute agreement between Cypriot officials and the EU involves a large scale reorganization of Cyprus' banks in exchange for a 13 billion euro rescue fund.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
