Oil prices slumped significantly as President Trump indicated progress in negotiations with Iran regarding a nuclear deal, potentially leading to sanctions relief and impacting global oil supply.

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Trump Says Deal With Iran Close; Oil Prices Fall

President Trump indicated the U.S. was close to a deal in which Iran agrees to forgo nuclear weapons, sparking a selloff in oil prices. "You probably read today the story about Iran has sort of agreed ...

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The Oil Industry's Double Whammy of Higher Costs and Lower Price

The new administration has a "drill, baby, drill" mantra and a much more liberal attitude towards the oil and gas industry than the last one. But that hasn't translated into great profits for the oil ...

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FTSE 100 Live 15 May: GDP figure beats hopes, oil price under pressure

The benchmark today traded near $64.48 a barrel amid the concerns over oversupply. Meanwhile, the FTSE 100 index is set to open broadly unchanged after the Dow Jones Industrial Average and S&P 500 ...

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US oil prices drop more than $1 as inventory build raises oversupply fear

U.S. crude futures declined more than $1 in early trade on Thursday after an unexpected build in U.S. crude oil inventories last week raised investor concerns about oversupply. U.S. West Texas ...

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