Crude oil prices likely to slump further as Iran resumes exports

TVC E, BUSINESS – Crude oil prices may get weaker as Iran resume her oil sales in the global market.

Available information indicates that more than 500,000 barrels of crude will come in daily from Iran.

This follows the lifting of trade sanctions on the country by America and the European Union.

At the London market, the Brent crude trades at twenty eight dollars a barrel.

For the OPEC basket Brent, its price steadies at twenty five dollars a barrel.