The Traderszone Network

Published in TZ Latest News 18 January, 2016 by The TZ Newswire Staff

Oil stays under pressure as Iran orders sharp rise in crude output

Oil futures remained under pressure on Tuesday following a slide that has seen prices fall by more than a quarter since the beginning of the year as the full return of Iran to oil markets adds to an already huge supply overhang. Traders said that the diverging movements between Brent and WTI crudes was largely due to technical trading in order to get the two benchmarks back slightly closer together. The U.S.

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