During Wednesday's European session, oil prices dropped by over 1.5%,
marking West Texas Intermediate (WTI) US crude prices at their lowest point in
nearly two months.
The market reacted negatively to news that Iran intends to
increase its production by 300,000 to 400,000 barrels per day this year, as
reported by Bloomberg.
Dr. Kamaran Qader Yaqub,
Financial consultant at Investment Spot company.
