Oil prices settled down 2% on expectations for US-Iran nuclear deal
Government
LONDON: Oil prices settled lower on Thursday (May 15) on expectations for a US-Iran nuclear deal that could result in sanctions being eased and more barrels released onto the global market. Brent crude futures settled down US$1.56, or 2.36 percent, to US$64.53 a barrel. US West Texas Intermediate crude futures settled down US$1.53, or 2.42 percent, to US$61.62. US President Donald Trump said on Thursday that the US was getting close to securing a nuclear deal with Iran, and Tehran had "sort of"
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