Oil Slides as Treasury Backs Off on Iranian Sanctions

This article was originally published on ETFTrends.com.

Oil prices continued their unceremonious slide, falling to $68.32 as of 3:30 p.m. Eastern Time after Treasury Secretary Steve Mnuchin said crude importers might receive waivers to continue buying supplies from Iran, lightly tapping the brakes on earlier sanctions to reduce purchases from Iran to zero. “We want people to reduce oil purchases to zero, […]

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