RE: oil news?20 May 2021 09:44
This all I can find but is only a rumour from a russian who probably was told to say it so Vlad could add to his personal wealth with a hefty short in the oil market.........
Oil settled lower on Tuesday, tumbling from a two-month high after media reports said the United States and Iran have made progress on reviving a deal restricting the OPEC country’s nuclear weapons development, which would boost crude supply.
Prices plunged on the reports that Russian ambassador to the United Nations Mikhail Ulyanov said significant progress had been made, but losses stopped after he said on Twitter that negotiators need more time to finalize an agreement.
If the United States lifts sanctions on Iran, the country could boost oil shipments, adding to global supply.