Oil Declined 1.8 Percent After EU’s Iran Oil Embargo Delayed for 6 Months

Bloomberg reported oil declined 1.8 percent as European Union decided to delay Iranian oil imports embargo by six months.

As quoted in the market news:

Crude for February delivery tumbled $1.77 to settle at $99.10 a barrel on the New York Mercantile Exchange.

Click here to read the full Bloomberg report.