Oil prices deepened their losses on Monday after Iran’s top diplomat said his country would send its “final proposals” on the nuclear issue by midnight local time (7:30 p.m. GMT).
The possibility of an agreement that would allow the return to the market of Iranian production, even though Chinese demand is suffering from a sluggish economy, caused crude oil prices to lose around 5%, to 93.28 dollars for the European Brent and at 87.52 dollars for American WTI.
.