Brent oil briefly falls below $28 after Iran sanctions lifted

GMT 06:23 2016 Monday ,18 January

Arab Today, arab today Brent oil briefly falls below $28 after Iran sanctions lifted

Brent crude briefly fell
Singapore - Arab Today

Brent crude briefly fell to fresh multi-year lows below $28 a barrel in Asia on Monday on fears of a worsening supply glut after Western sanctions on Iran were lifted, allowing the country to resume oil exports.

Brent fell to as low as $27.67 before rebounding to trade above $28.

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