FXstreet.com (London) - Despite lagging in late trade yesterday and failing to find any direction in Asia, Oil futures have taken to the upside on a broad commodities upmove this session. Markets have been boosted by an improved outlook for the Eurozone, with Greece actioning austerity measures earlier today. Crude futures have edged back over $80, quoting at $80.27 and showing strong support above $79 ahead of EIA inventories data in the coming hours. Last week oil inventories failed to effect the oil price significantly - right now key focus remain global growth and consumption outlook.

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