Oil Prices at 6-Year Low
Oil prices have hit their lowest point in six years. Crude oil trading closed on Tuesday at just over 43 dollars a barrel. The historic low comes as the giant oil cartel Opec continues surging its output. Non-Opec oil production is also up, in places like China, Columbia, Russia, and the United States. Iran also saw its highest oil output in three years. Experts say that could be a sign the country is ready to take advantage of its proposed nuclear deal.