Crude Oil Pressured as Both Geopolitcal Tensions and Supplies Concerns Lessened

Crude oil prices remained pressured in European session as imminent threats to oil supply appeared to have diminished, at least in the near-term. Icebreaking meeting between the US and Iran and the UN resolution to deal with Syria’s use of chemical weapons are expected to reduce geopolitical tensions between the West and Middle East countries.

Originally posted here:
Crude Oil Pressured as Both Geopolitcal Tensions and Supplies Concerns Lessened