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Oil slumps below $28 to 2003 low as Iran sanctions lifted

January 18, 2016 by · Leave a Comment 

Oil prices slumped to a 2003 low below $28 per barrel on Monday as the market anticipated a rise in Iranian exports after the lifting of sanctions against Tehran over the weekend. Responding to Tehran's compliance with a nuclear deal, the …

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Oil slumps below $28 to 2003 low as Iran sanctions lifted