CNBC | Iran oil flood wouldn't last: Analyst CNBC With the market already oversupplied with 1.5 million to 2 million barrels a day, any sign of movement toward a nuclear deal will be bearish for oil markets, said Smith, director of commodity research at Clipper Data. Iran could release as much as 40 ... FT Explainer: Oil approaches bear market Crude oil struggles to recover from selloff Greek crisis hits home in Alberta, helping create toxic brew for oil |