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Oil Sinks to Lowest in Almost 7 Years as Iran Vows More Supply - Bloomberg
Bloomberg | Oil Sinks to Lowest in Almost 7 Years as Iran Vows More Supply Bloomberg Oil extended declines from the lowest price since February 2009 as Iran pledged to boost crude exports, bolstering speculation OPEC members will exacerbate the global oversupply. Futures dropped as much as 1.2 percent in New York, trading near $35 a ... Oil prices drop for seventh session on oversupply worries Oil hovers at multiyear lows; analysts see no bottoming out of prices Nowhere else, Iran can produce oil at $1 |
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