Oil prices edge down on Iran nuclear deal 

April 1, 2015

Crude oil futures declined on Wednesday due to speculations that Iran is going to reach an agreement concerning its nuclear program. Which will inject more crude oil into the already oversupplied markets.

On the other hand, the investors are looking to the weekly report of the U.S. stockpiles of crude and refined products due today later. In fact, the U.S. crude oil stockpiles report is expected to indicate a rise by 4.2 million barrels on the last week.