Economic news

Oil falls, uncertainty with Iranian nuclear deal slows the downward movement

Prices of oil moved down on Tuesday as the U.S. dollar kept around the highest mark in four months, however concerns of Trump’s potential withdrawal from the nuclear agreement with Iran pushed the market up.

Brent futures stood at $74.07, 62 cents down from the last settlement.

U.S. WTI futures slipped to $67.90 for a barrel, giving up 67 cents.

On Monday oil climbed after Benjamin Netanyahu made a statement presenting alleged proof of a clandestine nuclear weapon program in Iran, while Tehran has denied any such attempts. There was no new data in this, says Olivier Jakob of PetroMatrix, therefore today’s prices declined.


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