Crude oil prices stabilized after a sharp fall seen on Monday on fears that Greece would exit the Eurozone. Brent Crude which had fallen as much as 5 per cent on Monday was marginally up by 1 dollar at 57 dollars a barrel.

Also, there is unlikely to be any robust demand from across the globe and Chinese demand sentiments is also likely to weigh on prices.

A fall in Brent crude is good news for countries like India, which heavily import crude oil.

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