Oil prices drop amid ample supplies
NEW YORK, July 27 (Xinhua) -- Oil prices fell Monday as traders worried that more The UN Security Council endorsed the newly-reached agreement between Iran and major world powers on Iranian nuclear issues last Monday, starting a process to lift UN sanctions on Iran. Iran and six world major countries have adopted an agreement on the Iranian nuclear issue. The related economic and financial sanctions will be terminated under the UN resolution and in an agreed framework. Traders worried that more Iran crude would come to the already ...
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