Crude oil prices may weaken further following the successful conclusion of a nuclear accord between Iran and six other major powers including the United States.
Crude oil prices have been falling since June 30 and they tumbled yesterday by more than US$1 after the Iran nuclear accord was announced.
While the restrictions on Iran’s oil exports would not be immediately lifted until international monitors report on the country’s compliance with the deal at the end of the year, speculation of more oil flooding the market amid weaker demand, has weighed on prices.
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Crude oil prices have been falling since June 30 and they tumbled yesterday by more than US$1 after the Iran nuclear accord was announced.
While the restrictions on Iran’s oil exports would not be immediately lifted until international monitors report on the country’s compliance with the deal at the end of the year, speculation of more oil flooding the market amid weaker demand, has weighed on prices.
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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