Crude Oil Futures Down as Market Weighs Refinery Work, Iran Diplomacy
Crude prices at lowest levels in nearly seven weeks --Iran, at U.N., seeks to thaw U.S. relations, ease sanctions --Maintenance at U.S. refineries expected to cut crude demand NEW YORK--Crude-oil futures slipped to the lowest levels in nearly seven weeks Tuesday on expectations that maintenance work at U.S. refineries will cut near-term demand. The prospect for a big drop in crude demand in the world's largest oil consumer comes as traders are keeping a close eye on diplomatic maneuvering at the United Nations, where Iran is expected to ...
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