Crude futures closed higher Tuesday, recovering from early declines, as the market recognized the just-announced Iranian nuclear deal will unlikely lead to a large jump in Iranian crude exports this year. NYMEX August crude led the oil complex, settling 84 cents higher at $53.04/barrel. ICE August Brent settled up 66 cents at $58.51/b. Refined product futures were almost unchanged. NYMEX August ULSD closed 66 points higher at $1.7253/gal, while NYMEX August RBOB settled down 89 points at $1.9307/gal. The historic agreement places strict limits on Iran’s nuclear program in exchange for a lifting of EU and US economic sanctions. Article continues below… Oilgram Price Report is a daily report that covers market changes, market fundamentals and factors driving prices. Oilgram Price Report also brings a vast array of Platts international prices for crude and products, netback tables, and market critical data. But sanctions will not be removed until compliance […]