Oil held losses after the first decline in four days as investors weighed the prospects of Iran increasing crude exports in an oversupplied market. Futures were little changed in London after falling 1.9 percent on Friday. Iranian lawmakers approved the outlines of a bill that would ban inspections of military sites and require the lifting of all international sanctions under any deal, state-run Mehr news agency reported. Hedge funds reduced both bullish and bearish bets on crude for a fourth week, according to U.S. Commodity Futures Trading Commission data.
National Average Price for Regular – Current: $2.568; Month Ago: $2.378; Year Ago: $2.209.
National Average Price for Diesel – Current: $2.729; Month Ago: $2.541; Year Ago: $2.354.