Crude Hammered by Record High OPEC Production, Iran Nuclear Deal

Although the deadline was extended by a day, hopes that a deal between Iran and the Western powers would be reached soon have weighed on crude oil prices. According to the State Department spokeswoman Marie Harf, "we've made enough progress in the last days to merit staying until Wednesday. There are several difficult issues still remaining".

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Crude Hammered by Record High OPEC Production, Iran Nuclear Deal