/ world today news/ Oil prices fell again on Thursday in New York after it became known that an agreement in principle had been reached to reduce Iran’s nuclear program, making it likely that the oversupply of crude oil would increase.
The price of the benchmark WTI barrel for May delivery fell 95 cents to $49.14 at the close on the New York Mercantile Exchange -Nymex.
The market, which had been eyeing the Lausanne talks for several rounds now, reacted predictably – dropping prices further on concerns that the deal would lead to an influx of Iranian crude into an already glutted market. /AFP
Washington / USA
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