Oil Prices Drop $1 amid US-Iran Nuclear Deal Expectations – Economy news

Brent crude futures dropped $1.49, or 2.3%, to $64.60 per barrel by 0405 GMT.

US West Texas Intermediate (WTI) crude futures fell $1.46, or 2.3%, to $61.69 per barrel.

Market sentiment weakened as investors reacted to reports indicating potential…

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