Oil down as Iran agrees for inspection

Note: This section contains information in English only.
Source: Bloomberg
Oil lost 1 percent following the announcement of Iran's agreement to let a nuclear inspection into the country. This will probably ease concerns over Iran's atomic energy programme. June contract for crude oil fell 91 cents to end at USD 91.66. Oil for July delivery tumbled 1.01 percent, to USD 91.85 a barrel. July contract for brent oil lost 53 cents to USD 108.28. According to Yukiya Amano, secretary-general of the IAEA, Iran and IAEA will sign the agreement "quite soon".

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