Oil Tumbles Below $30 With Brent at Biggest Discount Since 2010

  • Iran sanctions seen lifted as soon as nuclear deal verified
  • Diesel drops to lowest since 2004, gasoline to December 2008

Why $30 Oil Might Be Normal

Oil dropped to a new 12-year low below $30 a barrel in New York, while the discount on global benchmark Brent reached a five-year high as Iran moved closer to restoring exports.

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