Oil falls as traders weigh Ukraine fears versus progress on Iran nuclear talks

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Oil falls as traders weigh Ukraine fears versus progress on Iran nuclear talks
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Oil prices are lower Thursday but are expected to remain subject to a tug of war between fears of a Russian invasion of Ukraine and signs of progress toward...

Oil futures were lower Thursday but were expected to remain subject to a tug of war between fears of a Russian invasion of Ukraine and signs of progress toward restoring a nuclear agreement with Iran.

Read:... Oil futures were lower Thursday but were expected to remain subject to a tug of war between fears of a Russian invasion of Ukraine and signs of progress toward restoring a nuclear agreement with Iran. Oil fell late Wednesday after Reuters reported that Iran’s top nuclear negotiator, Ali Bagheri Kani tweeted that after weeks of intensive talks “we are closer than ever to an agreement.” In the tweet, however, he stressed that “nothing is agreed until everything is agreed.” If the 2015 nuclear agreement with Iran is revived and economic sanctions are lifted, Iran may resume oil exports.

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