Oil Capped By Shaky Demand Outlook

Oil held up in Friday afternoon trading, showing some resistance to the continued selling of the last coupe of days.Friday 19th July 2019 Oil prices fell this week on rising fears of weakening demand and a renewed supply surplus. Iran proposes new nuclear deal. Iran has offered a deal with the U.S. that would include permanent enhanced nuclear inspections in return for the U.S. lifting sanctions. Iran’s foreign minister Javad Zarif said it was “a substantial move.” The offer comes shortly after the U.S. downed an Iranian drone…