Friday 11 May 2018

Oil prices fall as Iran nuclear deal retains support | Reuters

Oil prices fall as Iran nuclear deal retains support | Reuters:

"Crude prices fell in a see-saw session on Friday, retreating after early gains as it looked likely that U.S. allies would push to maintain a deal with Iran, which could keep that country’s crude exports on global markets.

In another sign global supplies could rise further, data in the afternoon showed U.S. crude producers added 10 rigs in the latest week.

Crude prices remained just below multi-year highs, with Brent on track for a weekly 2.8 percent gain and U.S. crude a 1.2 percent weekly rise."



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