Oil near $92 on snag in Iran nuclear talksCrude price down 15% from early May on dropping expectations for economic growth, oil demand; May 23 price lowest since October Pablo Gorondi Associated Press
Oil prices rose to near $92 a barrel May 24 as negotiations between six world powers and Iran about its nuclear program appeared to be stalling.
By early afternoon in Europe, benchmark oil for July delivery was up 89 cents to $90.79 a barrel in electronic trading on the New York Mercantile Exchange.....
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Crude plunged
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