Oil falls in volatile trade on supply worries, dollar and Iran
An oil well pump jack is seen at an oil field supply yard near Denver, Colorado February 2, 2015./ (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 arson attacks by Islamic State militants on Iraqi oil wells helped prices climb during the European session. In New York trade, the market came off its highs ...
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