Crude Oil Sinks as EU's Iran Oil Embargo Delayed (USO)

Crude oil has plunged following news of a six-month delay on the EU's Iran oil embargo. NYMEX crude is now down 0.66 percent to $100.21 per barrels.

The US Oil Fund ETF (NYSE: USO) is now down 1.3 percent after trading in positive territory throughout Thursday's session.

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