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Why Crude Oil Futures Are Up After the Iran Deal
Crude oil futures surprisingly surged higher today after Iranian negotiations finally culminated in a landmark nuclear deal.
The deal allows Iran to start exporting more oil, which analysts worry will flood the already oversupplied market.
But there's one fundamental reason why prices won't dip lower...
Crude oil futures surprisingly surged higher today after Iranian negotiations finally culminated in a landmark nuclear deal.
The deal allows Iran to start exporting more oil, which analysts worry will flood the already oversupplied market.
But there's one fundamental reason why prices won't dip lower...