March 31, 2015

MORE FRUITS OF THE DEAL:

Expect oil to tumble if Iran deal gets done (Nick Cunningham, 3/31/15, CNNMoney)

Although nuclear weapons proliferation is the headline item, one of the most significant side effects of the negotiations will be their effect on the price of oil. Iran, as a member of OPEC and a major oil producer on the world stage, still has substantial influence on oil markets.

Oil producers are still producing more oil than the world can handle, with around 1.5 million barrels per day in excess capacity. That glut could grow much bigger if the U.S. and Iran resolve their differences.

Posted by at March 31, 2015 1:55 PM
  

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