Oil prices go down on Thursday after a rally
Crude oil prices decreased on Thursday following a rally caused by potential disruption to oil flows from Iran due to reimposed U.S. sanctions on the country. But the losses were limited as the market coped with concerns about dwindling Venezuela’s crude production and with decline in U.S. crude inventories. The United States has planned to impose new sanctions against Iran, which pumps about 4 percent of the world’s oil.