Benchmark Brent crude dipped to US$56.2 while US crude dropped to US$48.6. Oil has dipped for a second consecutive session as Iran and six world powers tried to negotiate a deal on Tehran's nuclear program that could end Western sanctions. If the sanctions end, it will allow Iran, an OPEC member, to ship more crude into an already flooded market, as per Reuters.
Besides, this, oil prices were also pressured by a stronger dollar.
31-Mar-15 
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