Iran Talks Help Ease Oil Prices – 15 March, 2022

Signals that Iran nuclear talks may presume put pressure on oil, paving the way for an increase of supply into the market, though lockdowns in China introduced risks to global demand. Futures were down for a second session, closing below $97 per barrel, while Brent was down below $100. Oil shed more than 20% over the past week, with quick-paced geopolitical headlines buffeting the market and wild price seesawing drove volatility to historic levels.