from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/brent-drifted-lower-as-iran-about-to-raise-exports-2016011932158/
Brent Drifted Lower as Iran about to Raise Exports
Sentiment continued to be driven by crude oil prices which continued hovering below 30. With US market closed, the focus is on the Brent contract which slipped further to 27.67 at one point, before recovering to 28.55, down -1.35%. Concerns about oversupply remained pronounced and were exacerbated by Saturday's news that key international sanctions over Iran were lifted. This is expected to unleash at lease 500K bpd of crude exports from the country, imposing additional downward pressure on fragile oil prices in the near term.
from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/brent-drifted-lower-as-iran-about-to-raise-exports-2016011932158/
from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/brent-drifted-lower-as-iran-about-to-raise-exports-2016011932158/
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