Crude retreats from three-week highs as Iran, U.S. supply data weighs
- Crude futures dropped considerably on Wednesday halting a two-day rally, as developments in Iranian nuclear talks and a continued decline in U.S. crude stocks weighed./ On the New York Mercantile Exchange, WTI crude for August delivery slid 0.76 or 1.25% to 60.25 a barrel. For the day, Texas Long Sweet futures wavered between 59.81 and 61.51 after falling sharply from near-session highs in U.S. morning trading. Still, Wednesday's intraday high marked its strongest level in more than three weeks. On the Intercontinental Exchange (ICE), ...
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