Oil Falls on Supply Glut, Iran Nuclear Talks.
Pulbished on:
London, 16 March 2015(Lana) Brent crude oil fell to around $54 a
barrel on Monday, its lowest for more than a month, on rising global
inventories and signs of a possible nuclear deal with Tehran that
could allow more Iranian oil exports, Reuters reported.
Brent for April dropped $1.34 to $53.33, its lowest since early
February, before recovering some ground to trade around $54.20, down
47 cents, by 0935 GMT, it said.
U.S. crude fell to $43.57 in early trading, its lowest since March
2009, before rebounding to around $44.35, it added.
=Lana=