Iran Nuclear Deal, Rising Libyan Output Push Crude Lower

摘要

Oil prices fell on Monday after news of a deal between Western nations and Iran to curb the Opec country's nuclear program and as production resumed in Libya and at a key North Sea oilfield. Oil futures were also pressured by declines in gasoline futures and equities, as last week's much weaker-than-expected US jobs data also weighed on hopes of economic recovery in the world's largest oil consumer. US gasoline futures led the complex lower, losing more than 1%, as a combination of factors spurred selling. US stock indexes had fallen 1% by late afternoon.