Wall Street Journal | How Iran Could Quickly Send Oil Prices Even Lower Wall Street Journal Oil prices responded by falling 3.3% Tuesday to a new 12-year low of $28.46 in New York, while global benchmark Brent hovered near $28.80. The selloff might seem like an overreaction. After all, Iran's full-re-entry into the world energy market upon ... US oil settles down 96 cents, or 3.26%, at $28.46 a barrel Oil market could drown in oversupply in 2016, says IEA Oil pares most gains after warning market could 'drown in oversupply' |