Oil falls on report that Iran and Iraq refuse to free output

WTI drops more than $1

Lost in all the Clinton hullabaloo, DJ is reporting that Iran and Iraq are refusing to freeze output in a development that could scuttle OPEC"s plans.

The report also says that Iran says OPEC underestimates its production.

Technically, oil is at the lowest since Oct 4 and it"s taken out support from the August high.

Oil falls on report that Iran and Iraq refuse to free output
Oil falls on report that Iran and Iraq refuse to free output
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