The Traderszone Network

Published in TZ Latest News 14 January, 2016 by The TZ Newswire Staff

Crude oil falls as market braces for more Iranian oil

U.S. crude oil futures fell in early Asian trade, heading lower after posting the first significant gains for 2016 in the previous session, as the prospect of additional Iranian supply looms over the market. Brent crude was down 10 cents at $30.78 a barrel. Over the previous eight sessions, Brent had lost about $7 a barrel, almost 20 percent.