Oil prices fluctuate amid US-Iran negotiations.
TL;DR Summary
Oil prices fell after reports suggested that the US was nearing a deal with Iran to lift some sanctions and allow the country to export its oil. The potential deal could see Iran shipping up to 1 million barrels of its daily crude production in exchange for it to stop enriching uranium. The decline briefly erased all of the gains that were recently sparked by OPEC's decision to cut its planned oil production for the rest of the year. The White House denied reports of a deal with Iran, but talks are ongoing.
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