Live Update 
From the Liveblog of
Wednesday, April 1, 2015
From the Liveblog of
Wednesday, April 1, 2015
Expert says Iran deal will slash oil prices
Add ToI as a Preferred Source on GoogleAnalysts say if a deal is signed with Iran it will bring down oil prices sharply.
Initially following any deal, says deputy president Victor Shum of the IHS Energy mega oil company, the price per barrel will drop to $5. Over the long term, Shum says, the price will stabilize at $30 per barrel.
Currently the price per barrel of oil ranges between $47.3 and $55, depending on the type of oil.
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