Oil prices edged lower on Tuesday on high hopes for a deal on Iran’s nuclear program and increased Iranian crude-oil exports.
Light, sweet crude for May delivery settled down 0.48% at $47.37 a barrel on the New York Mercantile Exchange.… Read the rest
Add oil shippers to the list of winners from this year’s collapse in crude.
The price plunge has spurred China, the world’s second-biggest importer after the U.S., to accelerate bookings of oil cargoes. It will also shave almost $20 billion … Read the rest