U.S. oil prices fall below $74 a barrel on 60-day pause on Iranian oil sanctions (opens original article in a new tab)

U.S. oil prices fell below $74 a barrel as the 60-day pause on Iranian oil sanctions raised expectations of increased global oil supply.

• U.S. oil prices fell below $74 a barrel
• 60-day pause on Iranian oil sanctions was announced
• Oil prices dropped due to expectations of increased Iranian crude supply