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Commodities Briefing - Categorized | Market Moves, Oil, Price Watch more

Iran nuclear programme deal pushes oil price lower

Posted on 14 January 2014

The fresh six-month deal with Iran to curb its nuclear programme has pushed benchmark oil prices lower as investors eye a glut of the energy source to return to the market place over the longer term.
After US President Barack Obama urged Congress not to impose additional sanctions on Iran, the Brent crude forward contract for February delivery fell below the $107 per barrel (bbl) mark to $106.91/bbl. Meanwhile, US WTI oil fell by 51 cents to $92.21/bbl………………………………………..Full Article: Source


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