The Iran premium in the price of a barrel of oil may have dropped to as low as $5 in the spot market, as worries about global demand trump concerns about supply disruption, Capital Economics says. There’s a “good chance” this week’s meeting between Iran and Western officials will raise the possibility that EU sanctions could be withdrawn, it says, a prospect the markets haven't considered.
The Iran premium in the price of a barrel of oil may have dropped to as low as $5 in the spot...
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