Oil falls in volatile trade on supply worries, dollar and Iran
Supply concerns in Libya, Iraq initially boost prices * Market weakens later on dollar, US pursuit of Iran nuclear deal * Play on Brent-US crude spread further adds to volatility (Adds settlement prices, news comments in paragraphs 7-9) NEW YORK, March 5 (Reuters) - Oil closed lower on Thursday in volatile trade, as a soaring dollar and the U.S. pursuit of an Iranian nuclear deal offset earlier gains from supply concerns in Libya and Iraq. Libya's declaration of force majeure on nearly a dozen of its oilfields due to security concerns and ...
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