The growing prospect of a U.S. and Iranian nuclear deal sent crude oil prices falling on Thursday. Investors believe if a deal is struck it might result in Iran being allowed to release more crude oil into the global market.
U.S. President Donald Trump said on Thursday that the U.S. was getting close to securing a nuclear deal with Iran, and Tehran had “sort of” agreed to the terms reported Reuters.
Brent crude, the global standard, fell $1.56 or 2.36% to close at $64.53 a barrel.
US standard West Texas Intermediate crude dropped $1.53 or 2.42% to finish at $61.62 per barrel on the New York Mercantile Exchange.
Natural gas prices fell 13 cents for a 3.72% slide downward, settling at $3.36.
Oklahoma stocks had another day of negative trading. Stardust Power Inc. led with the highest percentage decline at more than 10%. One exception was Empire Petroleum where it recorded a nearly 6% gain for the day.