MarketPR
The supply story driving crude lower sharpened on Wednesday as talks between Washington and Tehran concluded and President Trump said he sees progress in the negotiations.
Oil prices fell more than 1% on the session, extending a losing streak that has now put crude on track for a fourth consecutive weekly decline.
What Iranian Supply Means for the Physical Market The mechanism is not complicated.
A U.S.-Iran deal that produces sanctions relief opens the door to more Iranian crude reaching global buyers — additional barrels competing for demand that already has no shortage of supply chasing it.
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