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Oil slid more than 1 percent on Monday, with U.S. crude falling close to a six-year low, after Greek election results heightened uncertainty in the euro zone and depressed the bloc's currency against the dollar. Greece's left-wing Syriza appeared on course to trounce the ruling conservatives in Sunday's snap election, setting up a possible confrontation with international creditors. March Brent crude fell 71 cents to $48.08 a barrel by 0718 GMT, wiping out light gains made on Friday after the death of Saudi King Abdullah, but it was off an early low of $47.85. West Texas Intermediate (WTI) crude for March delivery was trading down 69 cents at $44.90 a barrel.
NEW DELHI (AP) — President Barack Obama on Monday took in a grand display of Indian military hardware, marching bands and elaborately dressed camels, becoming the first American leader to be honored as chief guest at India's annual Republic Day festivities.