Oil Prices Fall After Iran Nuclear Deal -- Christian Science Monitor
Oil prices dropped below $94 a barrel Monday as Iran reached a deal with six world powers n the country's nuclear program. The agreement dropped oil prices 92 cents to $93.92 in midday trading in New York.
The price of oil dropped below $94 a barrel Monday as a deal between Iran and six world powers on the country's nuclear program raised the possibility that sanctions choking Iranian oil exports will be lifted. Benchmark U.S. crude for January delivery fell 92 cents to $93.92 in midday trading in New York. Brent crude, a benchmark for international oil used by many U.S. refineries, slipped 64 cents to $110.41 a barrel in London.
The preliminary agreement reached in Geneva Sunday between Iran and the U.S., Britain, France, Russia, China and Germany over Iran's nuclear program does not allow Iran to increase oil exports. But by relaxing some financial restrictions the agreement does make it easier for Iran to sell the oil it is permitted to.
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More News On What Will Be The Impact On Oil Prices From The Iranian Nuclear Deal
Iran oil, energy sanctions still in force after nuclear deal: US -- CNBC/Reuters
Oil price falls as Iran deal eases supply fears -- The Telegraph
Iran Nuke Deal Could Push Oil Prices Lower -- AP
Insurance relief in Iran nuclear deal may lift oil sales -- Reuters
Nymex oil below $94, Brent falls after Iran deal -- Market Watch
Iran taps tanker shipping network to tackle unsold oil glut -- Reuters
Iran Deal Could Lead To Scuttling Of The Great U.S. Oil Boom -- Christopher Helman, Forbes
Iran sanctions deal to unleash oil supply -- Sydney Morning Herald
Oil Is Tumbling -- Rob Wile, Business Insider
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