Oil falls to $61 on dollar, Iran, supply concerns
An oil well is seen near Denver, Colorado February 2, 2015./ (Reuters) - Brent crude oil fell more than 2 percent to around $61 a barrel on Monday after Iran said a deal on its nuclear program could be agreed this week if the West lifts sanctions, which could boost the country's oil exports. Oil prices were also depressed by a stronger dollar and reports of a rise in Libyan crude output, traders said. Brent crude hit a low of $60.86 a barrel and was at $62.00 by 9 a.m. ET, down $1.58. Front-month Brent jumped 18 percent in February, the ...
Click
To Read Full Article