Analyst firm Wood Mackenzie said Friday that it would maintain its July 2 forecast of an average Brent crude oil price of $60/barrel, provided that Greece remains in the Eurozone and that the recent rout in China’s equity market doesn’t reduce China’s oil demand. Global oil prices have declined in response Greece’s no vote on July 5 on further austerity measures, and continued to fall on news of China’s stock market rout. On Friday, Greece’s Prime Minister Alexis Tsipras submitted a plan for an economic overhaul of Greece following the Greek population voting down a plan drafted by international creditors for the repayment of the nation’s debt. After incurring losses in eight of the previous 10 trading days, the Shanghai Composite on Thursday rose 5.8 percent to 3,709.33, while the smaller Shenzhen market rose 3.8 percent, The Wall Street Journal reported. But both the Shanghai Composite and Shenzhen markets […]