Oil prices fall Friday.
Brent February oil pulls down 1.6 percent to $ 30.40 a barrel, while WTI oil goes back 2.6 percent to $ 30.39 a barrel.
When the Oslo Stock Exchange closed yesterday, stood front contracts for Brent and WTI respectively. around 30.85 and $ 31.40.
Reuters reported Friday that Western sanctions against Iran expected rescinded within days.
– This is three or four months earlier than what the market thought last year, so this is more fuel to the fire, said risk manager for oil Tony Nunan at Mitsubishi Corp. in Tokyo news agency.
Iran should have removed the sensitive core of the key nuclear reactor Arak, which UN inspectors the plan should verify on Thursday, according to Iranian state TV.
Any additional oil from Iran will increase the supply side of a market already awash with oil.
– Iran will return to the oil market on wrong time, both the market and probably itself. There had been so much more ideal to return if oil prices were 100 dollars, writes Phillip Futures told Reuters in a note Friday.
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