Oil Prices Hold Steady Amid Progress Toward Iranian Deal The recent stability in crude oil prices has caught many by surprise, given the tumultuous year that has transpired thus far.
As traders and analysts watch for developments on the Iran nuclear deal, it's worth examining how this agreement will impact global oil markets.
Understanding the Crude Price Downturn The decline in oil prices began roughly a year ago, when crude breached the $70 per barrel threshold.