SINGAPORE (AP) — Oil hovered above $84 a barrel Monday in Asia after Greek election results suggested the country will stay in the euro common currency, reducing the risk of a major upheaval in financial markets and the world economy.

Benchmark oil for July delivery was up 23 cents to $84.26 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 12 cents to settle at $84.03 in New York on Friday.