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Iran’s Nuclear Deal: A Bomb for Oil Bears and Equity Bulls?

Robert Scott
Iran’s Nuclear Deal: A Bomb for Oil Bears and Equity Bulls?

On April 30, US crude oil June futures rose 0.7% and settled at $68.57 per barrel—0.1% below the highest closing level for US crude oil active futures in more than three years. On the same day, the US dollar rose 0.3%—a negative development for oil prices.