Progress in Iran talks puts oil traders on edge - FT.com:
"Talk of progress in the nuclear negotiations between Iran and the world powers has had oil traders on edge.
With large amounts of Iranian oil already in storage, an injection of hundreds of thousands of barrels a day into the oil market already struggling with a crude overhang could depress prices further.
The prospect of a wave of Iranian crude exports has already hit internationally traded Brent: after rebounding to $60 a barrel last month, it now hovers around $55 a barrel amid expectations of a deal by March 31."
'via Blog this'
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