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Oil prices fall with near reaching a nuclear agreement with Iran
July 13, 2015, 14:09
BAGHDAD
Oil prices fell Monday, with Iran and the six major powers closer to the conclusion of the nuclear deal but the high volume of China's imports of crude oil prevented falling prices further.
And the payment of the possibility of Iranian oil added soon to the global surplus of oil supply and declining demand on China and Europe, several analysts to say that the crude oil will fall further.
It showed Chinese customs data rising Beijing's imports of crude oil in the first half of this year, 7.5 percent compared with the same period of 2014, which prevented the fall in prices greater although analysts say that this is due to the storage of strategic reserves rather than increasing the fact in demand.
US crude oil prices fell about 90 cents to $ 51.83 a barrel at 0226 GMT.
And it landed contracts for Brent prices to the nearest month of entitlement about $ to $ 57.74 a barrel on the back of expectation that the agreement with Iran lead to an easing of sanctions on Tehran and increased crude oil exports.
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July 13, 2015, 14:09
BAGHDAD
Oil prices fell Monday, with Iran and the six major powers closer to the conclusion of the nuclear deal but the high volume of China's imports of crude oil prevented falling prices further.
And the payment of the possibility of Iranian oil added soon to the global surplus of oil supply and declining demand on China and Europe, several analysts to say that the crude oil will fall further.
It showed Chinese customs data rising Beijing's imports of crude oil in the first half of this year, 7.5 percent compared with the same period of 2014, which prevented the fall in prices greater although analysts say that this is due to the storage of strategic reserves rather than increasing the fact in demand.
US crude oil prices fell about 90 cents to $ 51.83 a barrel at 0226 GMT.
And it landed contracts for Brent prices to the nearest month of entitlement about $ to $ 57.74 a barrel on the back of expectation that the agreement with Iran lead to an easing of sanctions on Tehran and increased crude oil exports.
[You must be registered and logged in to see this link.]
