Crude oil declined as driven by a potential oil-for-good deal between Iran and Russia. Meanwhile, it’s reported that Iran’s exports exceeded the sanction limits for 5 consecutive months. The Brent crude contract plummeted to a 5-month low of 103.95 before ending the day at 104.79, down -0.79%. The front-month contract for WTI crude oil initially plunged to as low as 98.86 before ending the day largely flat at 99.62.
Excerpt from:
Oil Pressured as Russia and Iran to Sign Oil -for-Good Deal
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