Crude Oil Extended Decline aas Iran Seeks to Gain Market Share

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.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/crude-oil-extended-decline-aas-iran-seeks-to-gain-market-share-2016101833726/