Iran deal drives oil prices lower

Note: This section contains information in English only.
Source: WBP Online
Oil prices declined significantly on Tuesday after a deal was signed between Tehran and the West. The New York-traded WTI futures declined 2.4% to $50.94 a barrel, while the London-traded Brent Crude traded 2.1% lower to $56.97 a barrel by 7:15 AM GMT. This nuclear deal allows Iran to export oil to a market that has a current surplus of 2.5 million barrels a day. Iran has fourth-largest oil reserves in the world. 
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Tue, 14 Jul 2015 07:56:21 GMT

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