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Oil Remained Pressured on Iran Deal; ECB Rate Cut Still Possible

Crude oil prices remained weak in European session amid speculations that the agreement between P5+1 and Iran would eventually unlock oil supply from the Middle East country. Gold price has remained weak but impacts from the Iranian deal seemed to be limited. We have little information about Iran’s gold reserves.

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Oil Remained Pressured on Iran Deal; ECB Rate Cut Still Possible

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