Friday saw the price of crude oil tumble, as traders unloaded their positions before the February contract expired. Questions regarding Greece’s possible debt swap deal also caused prices to slip as low as $98 a barrel. The commodity eventually closed trading for the weekend at $98.42.

Today’s meeting of euro-zone finance ministers is likely to influence the price of crude. If investors are convinced that the euro-zone can stage a meaningful recovery in the near future, risk taking will likely ensue and crude could see some bullish movement. Traders will also want to continue monitoring the state of Middle East tensions this week. Conflict in the Middle East typically leads to supply side fears which drive up the price of oil. Any escalation in the ongoing situation between Iran and the West is likely to lead to major upward movement for crude.