Crude down despite late rally, as deadline for Iran nuclear deal nears
slid on Monday as a deadline for a deal regarding Iran's nuclear program neared, exacerbating concerns that a relaxation of sanctions on Iranian oil exports could add significantly to the glut in global oil supply./ A late rally in the final minutes of trading on Monday pared previous losses, after a State Department spokesperson said there's a "50-50 chance," an agreement with Iran will be reached by Tuesday. While crude futures gained more than a dollar a barrel just before the close, the last-minute rebound failed to offset an earlier ...
Click
To Read Full Article