World oil prices fell on Monday

Craig James


World oil prices fell on Monday. Brent crude fell by US$3.04 or 4.9% to US$59.54 a barrel in response to speculation that a nuclear deal between Iran and Western nations could lead to an easing of sanctions that had restricted Iran's oil exports. Meanwhile US Nymex crude fell by US17c or 0.3% to US$49.59 a barrel, with prices supported by expectations of a slower build in stockpiles this week.

Craig James
Craig James
Chief Economist

I am married with three children (all in their 20s) and currently live in Huntleys Cove in the inner west of Sydney. Chief interest is athletics and trying to keeping up with the children.My current role is Chief Economist, Commonwealth...


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