Oil extended loses as investor focus on Iran nuclear deal

International benchmark for crude oil continued to move lower on Thursday, 20 May 2021 as investors stayed focus on the potential revival of the Iranian nuclear accord that could remove sanctions placed on the country, allowing more oil to flow freely. 

·      Brent for July delivery lost $1.55 (2.38%) to $65.11/barrel

·      WTI for June settlement fell $1.31 (2.11%) to $62.05/barrel