Crude futures finished a second straight session sharply lower May 19 as fundamental outlooks weakened amid reports of progress on US-Iran nuclear talks, rising US inventories, and concerns regarding Asia energy demand. Receive daily email alerts, subscriber notes & personalize your experience. Register Now June NYMEX WTI settled down $2.13 at $63.36/b, and ICE July Brent fell $2.05 to $66.66/gal. Reports of progress between the US and Iran on negotiations aimed at returning the two sides to compliance with the Joint Comprehensive Plan of Action nuclear deal has added downward pressure on prices in recent days. Media reports on May 18 quoted Russia’s ambassador to the International Atomic Energy Agency Mikhail Ulyanov stating that US and Iran had made “significant progress” towards a deal […]