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Crude oil futures shook off weakness to hit the highest levels of the session on Tuesday, after euro zone finance ministers agreed on a deal to extend Greece’s bailout by four months. The Eurogroup approved Greece's list of reform proposals earlier in the day, paving the way for a four-month extension of the country's bailout program.
GOLD
Gold fell to the lowest level in seven weeks on Tuesday, after Federal Reserve Chair Janet Yellen sounded more hawkish than expected in her prepared remarks to the Senate Banking Committee. Fed Chair Yellen said that the central bank will change its forward guidance in an effort to increase the Fed's flexibility and mute any potential market reaction before beginning to hike rates. Fed will consider interest rate hikes "on a meeting by meeting basis," if economic conditions continue to improve, as the Committee anticipates.