Oil Prices Drop on Iran Deal Speculation
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil prices plummeted Wednesday following former President Trumps claim about Irans intentions to boost oil exports. Light crude settled at $77.56, down 1.43%, while Brent crude dropped 1.28% to $81.71. Traders are uncertain about Irans offer to stop uranium enrichment for sanctions relief, fearing an influx of Iranian crude. Inventory numbers from the EIA and OPECs December meeting are keeping traders on edge.
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