Crude decline in Asia because of Iran


March 30 th, 2015

The fall of gasoil in the Asian market was due to the prospect of an agreement between Tehran and major powers that would see Iranian crude flooding an already saturated market. The price of a barrel of "light sweet crude" for May delivery lost 71 cents to $48.16.  The price of Brent North Sea with the same maturity yielded 35 cents to $56.06. The negotiators of the major powers and Iran met in Lausanne to remove the remaining obstacles to an agreement on the Iranian nuclear issue.

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