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Oil prices fall amid supplied market, Iran sanction exemptions

Oil prices fall amid supplied market, Iran sanction exemptions

U.S. bank J.P. Mor­gan said “part of the recent sell-off in oil was due to exces­sive crude in the phys­i­cal markets…from ele­vat­ed pro­duc­tion from OPEC whilst Iran­ian sup­ply was still in the mar­ket despite reduc­tion in report­ed exports.”
Source: CNBC RSS

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