Oil prices end at lowest in a week as Trump reportedly weighs easing sanctions on Iran

Myra P. Saefong
Oil prices end at lowest in a week as Trump reportedly weighs easing sanctions on Iran

Oil futures decline on Wednesday, settling at their lowest in about a week, after a report that President Donald Trump is considering easing sanctions on Iran raised the possibility of the return of the country’s crude to the world market. A weaker demand outlook from OPEC fed the price decline, despite U.S. government data showing a fourth straight weekly fall in domestic crude supplies.