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.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
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...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
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...
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
Today (Monday), U.S. oil futures hit a five-month high on fallout from the Ukraine conflict, further supported by inclement weather across the United States.
On the New York Mercantile Exchange (NYMEX), West Texas Intermediate (WTI) crude for delivery in April rose to a session high of $104.65 a barrel, the highest since Sept. 23.
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