The glow of the Iran nuclear accord had the half –life of a gnat, in terms of affecting prices, yesterday. Out of the gate, Brent and WTI prices fell about $2.00 on Sunday night, but most of the losses were reclaimed by the end of Monday’s day session. As pencils were sharpened, an analysis emerged that only about 200-300k additional bpd of crude oil supplies would hit the global market.
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