Wall Street Journal: How Iranian Nuclear Deal Would Affect Oil Markets
Ramp up in Iranian oil exports still depends on final agreement, lifting of sanctions and more.
The framework nuclear deal between Iran and six global powers on Thursday boosts the odds for the lifting of curbs on Tehran’s oil exports, but it doesn’t throw open the floodgates of Iranian crude supply just yet.
Any ramp up in Iranian oil exports depends on a final nuclear deal in June, a subsequent lifting of sanctions and the pace of recovery in Iran’s investment-starved oil sector.
Oil prices fell after the framework deal was announced, with Brent crude losing 3.7% in the last trading session, but consulting firm Eurasia Group said the drop in the oil price will likely wash out when harsh debate over the agreement begins next week.
More News On How The Iranian Nuclear Deal Will Impact Oil Prices
Iran nuclear deal puts oil prices under further downward pressure -- The Guardian
Iran Nuclear Deal: Oil Prices Could Drop Again If US, Europe Ease Sanctions On Iranian Oil -- IBTimes
Oil didn't fall off a cliff after 'tentative' Iran nuclear deal -- CNN
What an Iran nuclear deal may mean for crude oil prices -- Market Watch
Will an Iranian Nuclear Deal Sink the Oil Market? -- Barrons
Nuclear deal means more Iran oil - just not this year -- Reuters
1 comment:
Prices should fall except in Canada where oil is 50-60% less than a year ago but prices have fallen by about 10-15%. We are told its due to transportation and provincial taxes. Not sure who is telling me the TRUTH anymore!!!!!
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