Oil abandons to fresh three-month low as markets weigh US-Iran peace deal

TL;DR

Oil rises from 3-mth low as markets await details of US-Iran deal Oil rebounds on concerns about US-Iran peace deal, restoration of supply Oil Slide Brings Little Relief to Hard-Hit Philippine Consumers Oil prices edged lower early Tuesday after rising overnight, following Monday's sharp sell-off, as investors continue to await further details on the U.S.-Iran agreement to bring the Middle East conflict to an end. Oil futures had ticked slightly higher overnight before reversing course, having fallen to their lowest level since March 4 in the previous session. The volatility reflects the lingering uncertainty over the full terms of the peace framework agreed between the U.S.