Oil prices dive below $54 as Iran deal looms
Iran is nearing an historic nuclear deal with the West -- and that's scaring the oil markets. Oil prices tumbled more than 5% and broke below $54 a barrel on Monday, the deepest plunge for crude oil since early April./ American drivers may have even lower prices to smile about in the future, especially if an Iran nuclear deal is in place by this week's deadline. The national average gas price could return to nearly $2 a gallon later this year, said Tom Kloza, chief oil analyst at the Oil Price Information Service. The national average is ...
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