Energy prices dropped on doubts over the consequence of output freeze plans, especially after Iran’s indication of increasing market share. The front-month WTI crude oil contract fell for a second straight day, by -0.81%, and settled at 49.94, closing below 50 for the first time in 6 days. The Brent crude oil contract dropped for a second day, by -0.83% to 51.52.
View original here:
Crude Oil Extended Decline aas Iran Seeks to Gain Market Share
Leave a Reply
You must be logged in to post a comment.